CF: What’s causing the acceleration in premium increases?
JS: Premiums are going up significantly. I think it’s recently a 92% year-over-year premium increase. The reason why is because their loss ratios are exceeding where they thought they’d be. So their loss ratio in 2021 was 73%, so it’s a 25% increase from 2019. So they’re just not making as much money from the premiums that they’re getting because they’re paying out more in claims.
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Now Available: Expo Pass to Channel Partners Leadership Summit & #MSPSummit this September 13-16! Take a look at th… twitter.com/i/web/status/1…
How do you stay on top of your game? 💪 By connecting & sharing knowledge with other elite partners, ready to stay r… twitter.com/i/web/status/1…
How do you stay on top of your game? 💪 By connecting & sharing knowledge with other elite partners, ready to stay r… twitter.com/i/web/status/1…
