March 16, 2011 – There are 138 large and midsize U.S. insurers highly active in the personal lines space, although others may have small personal lines books, according to Novarica analysis.
For its recent report – “Business and Technology Trends: Personal Lines” – the analyst firm gathered the expertise of Novarica’s staff, conversations with members of the Novarica Insurance Technology Research Council and a review of secondary published sources. The report indicated that the top priorities for personal lines insurers are growth strategies, expense reduction and improving underwriting results.
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