Commercial Property Insurance Archives

COVID-19’s Negative Effect on Small Business Challenges Commercial Insurance

Written by: Sharon Maloney, Director, Commercial Insurance Solutions

In a fragmented and challenged market like commercial insurance, COVID-19 related concerns have added an unforeseen level of complication. The negative effect on small businesses – and the subsequent drop in commercial insurance shopping – is no...

5 Reasons Traditional Loss Runs are No Longer Sufficient

Written by: Steve Gillard, C.L.U.E. Product Principal, Insurance

An integral part of evaluating new submissions for commercial insurance carriers is reviewing a business’ loss runs to assess the claims experience from previous commercial insurance policies. Loss runs allow an insurer to understand what types of...

How IoT Devices Can Reduce Risk of Commercial Water Damage

Written by: Mathew Stordy, Senior Director, Commercial Insurance

The Internet of Things (IoT) and its impact in insurance continues to be a hot topic of discussion. In a recent study, my colleague, Dan Davis, Director of IoT and Emerging Markets, shares research focused on the impact of water leak prevention syst...

Taking the Next Step in Commercial Lines Automation

Written by: Sonya Penkova, Senior Market Manager, Commercial Insurance

Industries across the board have been discussing digital transformation for years and how customer expectations are shifting the way they conduct business. Now more than ever, we rely heavily on automation, digitalization and technology for our dail...

Choosing a Predictive Modeling Partner that Takes a Customer-Centric Approach

Written by: Mathew Stordy, Senior Director, Commercial Insurance

Selecting the appropriate data sources is critical for an effective customer-centric approach to predictive modeling. Why? For the most part, no single data source provides complete coverage across the vast universe of businesses, which are extremel...

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