Allstate’s loss trends and the lessons for InsurTechs
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Allstate’s loss trends and the lessons for InsurTechs

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Warren Buffett. Jack Byrne. Geico. In the 1970s, Geico was facing challenges from several fronts following a period of meaningful top-line growth. Loss cost inflation started to swell, impacting auto parts and medical care costs.

With runaway loss costs and macro inflationary forces at work (sound familiar?), the company’s pricing was inadequate, putting it on the brink of going under.

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