State Expansion

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Are you ready to expand to new states? You’ve been very successful in one or a few states, but how do you replicate that success in new areas? Especially since every state is just a little bit (or hugely) different, with varying regulations and even different competitors.

Benefit from our first-hand knowledge of the p&c market in most US states* with recommendations for geographic expansion strategies, tailored to your company’s growth capacity and strengths. Input your appetite for risk, growth, and other factors, and our proprietary model will pinpoint your best opportunities.

And once you’ve decided where to expand, iji can help you create the product(s) for your new state(s), from a simple Product Review to a full turnkey solution, including navigation of the regulatory waters.

Contact iji today for a free, no-obligation discussion of your State Expansion desires.

iji results

A specialty auto insurer decided to expand into Colorado. We created the non-standard auto product to fit that state’s unique coverage laws, conducted competitive analysis to set the launch prices, created the required forms, secured DOI approval, and even helped coordinate claims practices. The company reached its desired premium volume, and even reached an underwriting profit in Year One.

A leading auto insurer had adopted an aggressive growth posture, and sought the best markets to conquer next. We identified the three best target states and created a unique growth-oriented pricing scheme to jump-start their business, while still reaching their long-run profit targets. Each state saw outstanding growth and kept the underwriting mix at the desired risk profile.