Q2 Auto Insurance Shopping Dips; Consumer Switching Increases
Q2 auto insurance shopping declines slightly as consumer switching rises, driven by risk-based pricing and bundled policyholders. Northeast shows highest shopping activity.
Insurers Face Trust, Complexity Hurdles Among Gen Z and Millennials
Insurers targeting Gen Z and millennials face challenges including low trust and product complexity. Simplifying purchases and enhancing financial education are key to engagement.
Amazon and Walmart Transform Retail with AI-Driven Innovation and Expansion
Amazon and Walmart are investing heavily in AI to revolutionize retail operations, consumer engagement, and market expansion, blending technology with new financial services and personalized shopping.
LIMRA Conference Highlights Consumer Education, Mortality Improvements, and Market Challenges
Insights from LIMRA's Life and Retirement Conference reveal consumer education gaps, improved group mortality rates, and challenges in annuity distribution within the U.S. life insurance industry.
LexisNexis Q1 2025 U.S. Auto Insurance Demand Shows Strong Shopping and Policy Growth
U.S. auto insurance shopping grew 16% in Q1 2025, driven by tax refunds, tariffs, and older consumer activity, while retention rates declined to 78%.
U.S. Auto Insurance Shopping Soars in Q1 2025 Amid Tariffs and Tax Refunds
U.S. auto insurance shopping increased 16% in Q1 2025 as tax refunds and tariffs drive new vehicle purchases. Policy retention declines, prompting insurers to adjust strategies.
Q1 2024 Auto Insurance Shopping Growth Driven by Higher-Risk Consumers
Auto insurance shopping rose 10% in Q1 2024, driven by higher-risk consumers and traditional risk-based rate adjustments, with key factors like driving records and credit scores influencing premiums.