Progressive Corp.: All Set To Beat Competitors With Innovative Launches
Balanced Investing • Fri, Sep. 12
- Progressive has teamed up with Zubie to encourage safe and sound driving by rewarding the customers in the form of lower premium charged.
- The customers have two options: buy the policy directly or take a test drive.
- Currently, over 1 million subscribers have enrolled into the Snapshot program. The expected growth in new applications is likely to increase the net premium written of Personal Lines segment.
- The company is trying to achieve further growth by offering a “bundle” package i.e. auto product with property insurance through its Progressive Home Advantage program.
- Based on the company’s recent program launches coupled with the trimming of expenses as exhibited by its declining combined ratio, the company has bright future prospects.