Allstate has demonstrated it can make money. But can it grow?

Allstate recently announced a major boost to its common stock dividend, reflecting its superior financial results, particularly in personal lines auto where it is a profitability leader. The only problem is that Allstate’s auto business isn’t growing. Indeed, last year Geico and Progressive accounted for 88 percent of all new customers and 84 percent of all new revenue in auto which is why  both companies have overtaken Allstate in market share.

JD Power to Launch Auto Insurance Customer Loyalty Tool

This just in From P&C Specialist:

Customers Choosing Telematics at USAA

P&C Specialist reports that USAA's Telematics Program: SafePilot is taking off, with 50 percent...

VeracityID Earns ISO 27001 Certification!

VeracityID's mission is to give our insurance carrier customers the ability to develop and...

Monitoring Quotation Flow to Identify Rate Manipulation:  idQuoteMonitor

We are pleased to announce the idQuoteMonitor cloud service . idQuoteMonitor enables carriers to...

Come See Us at Insuretech Connect 2020: October 19th to 21st

Insuretech Connect has been rescheduled to October 19th to 21st.  You can learn more about this...

51% of Millennials Living at Home Could Be a Big Problem for Auto Insurers

A Pew poll recently reported that for the first time since the Great Depression, a majority of...

Come See Us at Insuretech Connect 2020

Visit our virtual booth!

Auto insurance carriers need to solve their 'rats and mice' problem

One of the core objectives of the P&C industry's digital transformation initiatives is...

Call from the Dugout: Top Performing Auto Carriers All Do One Thing Really Well -  Aggressively Underwrite Suspicious Applications

 By John Macauley