IRI Partners Blog

At Insurance Resources International, LLC (IRI), we have worked with dozens of companies, both P&C Insurers and the companies in the Eco-System that provide key products and services vital to the Insurance Industry.

Our blog features our views and occasionally those of our strategic partners and guest bloggers. We strive to blog on topics relevant in your world and core to delivering best in class process, product and service.

We are firm believers that while Insurance is a huge business, it is a small community.

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By Jim Porcari

In this post, we will highlight some of what we think are some of the enduring trends in the auto claims space of the P&C market. These include:

  • Lower Frequency
  • Using new technology in old ways
  • Focus on LAE in a vacuum vs. lowest ultimate cost
  • Strategic partnerships
  • Insurance industry as a fast follower vs., innovator
  • Finding people via referrals & “networks”

Some of these enduring trends are exogenous to specific insurers and will take time to play out, but insurers unwilling to look at and plan for the long term, will simply fail faster, accelerating the inevitable (and much needed) consolidation already beginning to occur.