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3 min read

Sharpen Your Combined Ratio with Three Digital Insurance Advancements

By The One Inc Content Team on Nov 19, 2020 7:00:00 AM

Insurers are under increased pressure to improve their profitability, and digitalization provides a clear way forward.

Topics: Technology & Innovation Profits & Loss
2 min read

3 Strategies for Reducing Administrative Expenses in the Insurance Industry

By Patricia Moore on Mar 29, 2019 6:42:56 PM

Topics: Profits & Loss
4 min read

How to Lower Your Combined Ratio by Reducing Admin Expenses

By Patricia Moore on Sep 21, 2018 11:40:06 AM

As part of a heavily regulated field, insurance companies are limited in options when it comes to increasing profit margins outside of investment revenue. In this article, we’ll explore those limitations and discuss how re-configuring your operations around payments can help you lower your combined ratio.

Topics: Payments Profits & Loss
5 min read

Mission Critical: Customer Retention vs. Acquisition in Insurance (Part 1)

By Patricia Moore on Aug 10, 2018 3:15:00 PM

Comparing the Costs

Insurance is a low margin game. Between customer churn, claim payouts, and massive operational overhead, the amount of money going out is barely less (and in some cases, more) than what is coming in. While the equation has many nuanced complexities – risk assessment, smarter underwriting, operational efficiencies, investment strategies, and more – much of the business challenge can be reduced to two simple questions: (1) How do I get more (of the right) people to buy my product? And, (2) how do I get fewer customers to churn?

Topics: Customer Experience Profits & Loss