Mutual Capital Analytics

It's always a great time in the office when Jamie Bannon shows up for a photoshoot. 📸 We are grateful to Jamie for her ability to capture the essence of our team so well. We invited Jamie into our office because our team is GROWING! 🔎Stay tuned for an official announcement in the next week or so! . . . #marketingamutual #insurance #culture

Launching a new product is an exciting opportunity for carriers to grab agents’ attention and set the foundation for long-term success. MCA can help! ☺️ We will work with you to define your target market and which product features are required to win that market. We will run different scenarios to compare your current new business pricing versus your future pricing and even estimate renewal impacts if applicable. Getting these right at the outset is key to a successful launch! 🎉 Great success came out of the work we did with Rockingham Insurance! WHO IS NEXT? https://lnkd.in/evXXgasv . . . . Chad Covelli #insurance #productlaunch #teamwork

Tom is sharing his 4 key take-aways after listening to Progressive and Travelers earnings calls. All Personal Lines companies pay attention. 🔔 🔷Strong Growth in New Business at Progressive: Progressive's emphasis on growth is reflected in the 34% increase in personal auto new business applications in the second quarter of 2024. This expansion is supported by a substantial rise in advertising spend and adjustments to rate restrictions aimed at enhancing profitability. 🔷Advertising Investment as a Growth Driver: Progressive’s nearly 150% increase in advertising spend, amounting to $1.6 billion year-to-date, underscores their aggressive strategy to capture market share. This significant investment is KEY to driving new business and maintaining competitiveness in the marketplace. 🔷Rate Adjustments and Stabilizing Auto Loss Trends: Progressive reported an 8% decrease in personal auto accident frequency with stabilizing severity trends.This, combined with small rate decreases in eight personal auto states during the second quarter, positions them to sustain profitability amidst market fluctuations. 🔷Challenges in Property Lines and Catastrophic Claim Severity: Both Progressive and Travelers are experiencing challenges in their Property lines, particularly due to increased catastrophic claim severity. Travelers' Property YTD Combined Ratio of 109.1% with 35.5% attributed to CAT losses. This highlights the impact of severe weather events and other catastrophes. These factors have significantly strained profitability. HOT TAKE: Continue to expect heavy management of exposure in highest concentrated areas and higher CAT geographies. What do you think?? Share your perspective in the comments below! ⬇️

Are you ready to make the changes necessary to succeed in today's increasingly competitive marketplace❓ Focus your time and energy on SOLUTIONS and the results will come. MCA will partner with you to help customize solutions that are right for your organization. 🤝 Are you ready? https://lnkd.in/evXXgasv

Exciting news: the P&C industry has turned the corner on profitability! However, Mutuals still have challenges ahead of them. Dan Post, FCAS, MAAA shared an insightful article summarizing S&P Global Marketplace’s projection of an industry combined ratio of 99.2% in 2024. ➡️S&P GMI calculates that recent results for Mutuals have been “11.3 percentage points higher than the rest of the industry…but rate alone may be insufficient for them to overcome the depths of the challenges they face.” ➡️Going forward, S&P GMI’s outlook anticipates greater market-share concentration among the largest private auto writers in the coming years, reasoning that “data, analytics and economies of scale remain critically important in a commoditized business.” This is MCA’s mission – to bring the data and analytics to help our clients compete! GREAT READ! ⬇️ https://lnkd.in/ga4wepWk

THE MCA DIFFERENCE 📣 As we continue to build out our Actuarial services, we are thrilled with the feedback we are getting form our clients! Just like Jim Reagan says, we manage your pricing analytics, rate decisions and filings in a more efficient and effective way! Position your company for success with MCA! https://lnkd.in/ePBXbUQU

3️⃣ years ago, MCA gained an invaluable asset as Lauren, our Brand Manager, joined our team! Over the past three years, Lauren Herring has been a driving force behind some of our most successful campaigns and has played a pivotal role in shaping the MCA brand and elevating it to new heights. We are incredibly grateful for Lauren’s contributions to the culture, marketing, and the community. The work she does in and outside of work does not go unnoticed! 🌺 Thank you for bringing our personality and brand forward. Cheers to 3 years of success and many more to come! 🥂 . . . #community #branding #marketingamutual

At MCA, innovative thinking turns challenges into opportunities. We can help you figure it out. ☑️ We start by listening ☑️ We analyze drivers and trends ☑️ We deliver holistic, practical solutions ☑️ We help your team implement, monitor, and adjust Need direction? ⬆️ ↗️ ➡️ https://lnkd.in/eZ9EfyeT

“Shoulder high, let it fly!” 🎾 Last week the team embarked on a thrilling team building activity that left us feeling energized and united. We conquered challenges (staying out of the ktichen), laughed uncontrollably (swing and a miss) , and bonded like we always do! It's a big dill not to get pickled. 😂 Here's to many more adventures together! . . . . . #teamwork #teambuilding #success

MCA partners closely with you to understand the business challenges you need to solve and together decide on the most appropriate solutions for your company and culture. 🤝 MCA is proud to be working alongside David Gautsche and the team from Goodville Mutual Casualty Company - working to earn your trust everyday! (see what we did there 😉 ) . . . . Analyze. Build. Launch. Monitor. Refine. https://lnkd.in/eFCHEc_f