July 20, 2022 –Commercial lines insurers continue to raise rates, seek growth through expanded jurisdictions and new products, and adopt analytics more broadly. Insurers want to drive down the cost of service, refine pricing and underwriting, and pursue growth.

This report is part of a series on key business and technology trends in specific lines of business in the U.S. insurance industry. These reports draw from the expertise of Aite-Novarica Group’s staff, conversations with Aite-Novarica Group clients and Insurance Technology Research Council members, and a review of secondary published sources.

This 37-page Impact Report contains one figure and two tables. Clients of Aite-Novarica Group’s Property & Casualty service can download this report and the corresponding charts.

This report mentions AIG, AI Ventures, Allegis Group, Allianz SE, Alpha Edison, Amazon, Ambac Financial Group, American National Group Inc., Applied Financial Technology, Arbella, Assurant, Aureus Tech Systems, AXA, Bold Penguin, Broker Insights, Brookfield Asset Management Inc., Brookfield Asset Management Reinsurance Partners Ltd., California Mutual, CAPE Analytics, Chroma Ventures, Chubb, Church Mutual, Co-operative Insurance Companies, Coterie, Cover Whale, Cytora, DAIS, Donegal Insurance, Duck Creek, EMC Insurance, Encova, EPG Insurance, Erie, Group 1001, Guidewire, The Hanover Insurance Group, Harborway Insurance, Harford Mutual, The Hartford, Hastings Mutual, Hi Marley, Hiscox, Inspired Capital Partners, Intact Ventures, Juniper Labs, Kalepa, Liberty Mutual, Markel, Marsh, Mercia, Munich Re Ventures, Mutual Benefit, Nationwide, Next Insurance, Pekin Insurance, Penn National, Praedicat, Protective Insurance, Progressive, QBE, RedPoint Ventures, Ribbit Capital, RLI, Roots Automation, RPM Ventures, RSA, Sapiens, Selective Insurance, Simply Business Inc., SiriusPoint, Sompo International, Sound Ventures, Spinnaker Insurance, State Auto, SVB Capital, Swiss Re Corporate Solutions, TigerRisk Partners, Travelers, UFG, Vertafore, Vouch, Weatherford Capital, Westfield Insurance, WorkFusion, and Zurich Financial Services.