Tag: consumer trends

Insurance news from MMI shows coverage laps rates will be increasing

Insurance news reports on cancelled policy trends

The third largest life insurer in South Africa has warned that this trend may be on the way. MMI Holdings, South Africa’s third largest life insurer, has released an insurance news announcement to warn the sector about a potential increasing lapse rate trend as consumers begin to feel the strain of trying to keep up their premiums payments. This trend refers to the cancellation of policies as the result of premiums nonpayment issues. The CEO of MMI Holdings, Nicolaas Kruger, explained that consumers are feeling a significantly larger amount of…

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California auto insurance industry leaders underline online auto policy sales growth

A report from Online Auto Insurance has revealed that recent talks among representatives of the California insurance industry have focused on the necessity for their agents to change their strategy for growing the number of customers who are purchasing their auto insurance online, which underlines the fact that drivers have a wide variety of different options for buying their coverage. Experts in the industry have been observing, over the last few years, that a growing number of individuals who are seeking cheaper premiums for their auto coverage are using the…

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