Q4 2024 Auto and Property Insurance Shopping Increased 20% Compared to Q4 2023
Portfolio Pulse from
In Q4 2024, auto and property insurance shopping increased by 20% compared to Q4 2023. Property insurers are facing profitability challenges due to delayed rate increases and natural disasters.
February 18, 2025 | 2:45 pm
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POSITIVE IMPACT
TransUnion (TRU) may benefit from the increased insurance shopping activity as it provides credit and information management services that insurers use to assess risk.
TransUnion provides credit and information management services that are crucial for insurers when assessing risk. The 20% increase in insurance shopping suggests higher demand for these services, potentially boosting TRU's revenues.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50