Morten Kaae Sorensen’s Post

Tune in as our expert, Michael Nadel, joins Ema Roloff as they explore the intricacies of insurance pricing, the effects of inflation, and tactical ideas for handling pricing models in the difficult market of today in the latest episode of Leading Change. Watch the full interview: skp.link/ymw #SimonKucher #Insurance #Pricing

Our research shows that loss adjusting, third-party administrator, and claims technology firms are facing internal pricing pressures. Break free from the commodity mindset and tackle this issue head-on with our four essential strategies: skp.link/nr1 #SimonKucher #Insurance #Pricing

Our research shows that loss adjusting, third-party administrator, and claims technology firms are facing internal pricing pressures. Break free from the commodity mindset and tackle this issue head-on with our four essential strategies: skp.link/nr1 #SimonKucher #Insurance #Pricing

Anyone who services claims organizations, whether through TPA services, software, or in any other capacity knows that Claims buyers are price sensitive. It is just the nature of their business... Here is what that should not mean for you. 1️⃣ Underpricing - Don't underprice the value of your product. Price gets squeezed when you cannot articulate the value of your product and you get "commoditized" amongst your competitors. 2️⃣ Chasing bad business - Don't throw good money after bad... It is ok to let business go if it will not generate the necessary margins. It also sends a signal to the other party that your services are of a higher quality. 3️⃣ Lost revenue opportunities through misaligned incentives - Often sales incentives are not aligned neatly to your own growth targets, leading to sub-optimal deals. Ensure you are motivating the wanted behaviors and outcomes from your sellers. Look at the article below and reach out if you want to discuss how to better monetize and grow your claims-oriented product offerings. #insurance #claims #lossadjusting #pricing #growth

Here is our June "Broker Insights" bulletin, giving an overview of our recent wins, quotes, and appetite updates. We will be sending this out to our panel of brokers monthly, but we are open for business. Please get in touch if you're interested in exploring what we can do to help. #commercial #insurance #brokers #specialtyrisks

💡 Why is insurance pricing in the spotlight right now? In a post-inflation era, the complexities of insurance pricing have never been more critical. From underwriting to market offerings, get expert insights that could transform your approach. 🎧 Listen in and stay ahead of the curve! : skp.link/ymw #SimonKucher #Insurance #Pricing

What's your take? Share your thoughts on this industry insight, extracted from our 2023 Industry Trends Report. Learn more >> https://bit.ly/3OxFqWW #insurance #insurers #strategy

PriSim’s business simulations build business acumen and financial skills. Watch a video of our insurance industry boardgame that brings the financial statements to life!   https://lnkd.in/gw6_3ExP #businesssimulations #businessacumen #financialacumen #training #leadershipdevelopment #insurance #insurancecarrier #insuranceindustry

What's your take? Share your thoughts on this industry insight, extracted from our 2023 Industry Trends Report. Learn more >> https://bit.ly/3OxFqWW #insurance #insurers #strategy

What's your take? Share your thoughts on this industry insight, extracted from our 2023 Industry Trends Report. Learn more >> https://bit.ly/3OxFqWW #insurance #insurers #strategy