Like it or not, revenue and profitability in the auto segment are decelerating. It could be said that lower accident frequency, auto safety enhancements, and vehicle crash avoidance features are translating to fewer accidents. Insured risk continues to fluctuate, especially when one considers that driverless cars are on the horizon, along with other game-changing technologies.
With the auto segment slowing, now might be the time for carriers to rev-up the homeowners' insurance engine. Bolstering profits in this line of business, which has not been outpacing other segments, should be a top priority. With a few key modifications, insurers can see a difference in the bottomline.
Pedal to the Metal
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