Trovity Insuretech’s Post

6 out of 10 customers complain of Insurance Mis-selling!! Local Circles has conducted an insightful survey, shedding light on the key challenges policyholders face both during the sales process and at the time of claim. These two critical touchpoints—how the policy is sold and what is promised, along with the experience during the claim process—are of paramount importance. Addressing these issues effectively will enable us to build trust and extend coverage to a broader segment of the Indian population. #insurancenews #Localcircles #misselling #policyholders #complaint #Insurance #insuranceclaim https://lnkd.in/g-gmcF_y

Fake discount on insurance premium: 3 key lessons to learn from this X user #InsurancePremium #fakediscount #ICICILombard #thespuzz

In 2024, personal lines insurance is all about adapting to new challenges through innovation for improved profitability and competitiveness.

Digital channels are an increasingly vital part of auto insurance shopping, according to new research from J.D. Power #insurance https://lnkd.in/gumxknbV

The insurance industry is shifting. Several states have limited product offerings while others are withdrawing from markets altogether. This has caused certain challenges for insurance agents. Click the link to read about the current challenges within the insurance market. https://bit.ly/3LJeDFk

Hear from Franklin Madison's Andrea Heger as she shares insights and discusses the insurance industry's shift towards a digital-first approach to meet changing consumer preferences. ⬇️ https://lnkd.in/gzJkQrna #digital #marketing #SmarterInsuranceMarketing #Insurance

California homeowners are experiencing a hard insurance market as carriers have exited the market and premiums for coverage at remaining carriers have risen substantially. From the state's insurance commissioner: “Insurance companies will not return to California unless they’re able to charge rates that are justified to cover the risk and provide the opportunity to earn a fair return." https://lnkd.in/gSAfANTN #medmal #medmalinsurance #insurance #insurancebroker #broker

Insurance Rates Will Only Rise in 2024 Here's what you need to tell insurance shoppers. #insurancenews #insurancemarketing #insurancesales #insuranceleads

The purpose of market conduct studies is to uphold consumer rights, maintain industry integrity, and play a key role in safeguarding policyholders’ interests — “in theory.” https://bit.ly/3uiwApb #policyholder #insurance #claims #consumer

New developments in home insurance claims evaluations as the General Insurance Code Governance Committee investigates customer experiences with professional assessors. Learn more: https://lnkd.in/gNVKwCrc #fsonews #homeinsurance