AM Best: Video Highlights Now Available for Webinar on Top Five Auto Insurance Trends of 2023 [Yahoo! Finance]
RELX PLC PLC American Depositary Shares (Each representing One Ordinary Share) (RELX)
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Source: Yahoo! Finance
Road Ahead: Top 5 Auto Insurance Trends of 2023," sponsored by LexisNexis Risk Solutions In this video-based interactive presentation , viewers can learn about the significant challenges the auto insurance industry faced in 2023 due to soaring claims costs, persistent inflation and changes in consumer behavior. Insurers implemented record-high rate increases to address profitability issues, leading to an unprecedented level of consumer shopping for new policies. The industry also grappled with the impact of remote work on commuting patterns and the rise of risky driving behaviors. The webinar was compiled into the following standalone segments: Auto Insurers Grapple With Profitability Woes Amid Soaring Claims Costs Auto Insurers Faced With Staggering 112 Loss Ratio, Underwriting Losses Reach 12 Cents on the Dollar Insurers Adopt "Sledgehammer Approach" to Rate Revisions, Abandoning Targeted Changes Auto Insurance Shopping Reaches All-Time High as Consumers React to Rate Hi
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