Porch Group, Inc. (PRCH): Análisis PESTLE [Actualizado en Ene-2025]

En el panorama dinámico de la tecnología de los servicios del hogar, Porch Group, Inc. (PRCH) surge como una fuerza transformadora, navegando por un complejo ecosistema de desafíos políticos, económicos, sociológicos, tecnológicos, legales y ambientales. Este análisis integral de la mano presenta las intrincadas capas de factores externos que dan forma a la trayectoria estratégica de la compañía, ofreciendo ideas sin precedentes sobre cómo la innovación digital se cruza con los mercados tradicionales de servicios domésticos. Desde los marcos regulatorios en evolución hasta los comportamientos cambiantes del consumidor, el grupo de porche se encuentra en la intersección de la interrupción tecnológica y la adaptación del mercado, prometiendo un viaje convincente a través de las dimensiones multifacéticas de su entorno empresarial.

Porch Group, Inc. (PRCH) - Análisis de mortero: factores políticos

La política del mercado inmobiliario de los Estados Unidos cambia el impacto en el sector de tecnología de servicios domiciliarios

El proyecto de ley de infraestructura de la administración Biden asignó $ 332 mil millones para el desarrollo de vivienda y comunidad en 2022. Los cambios regulatorios específicos que afectan las plataformas de tecnología de servicios domésticos incluyen:

Área de política	Impacto regulatorio	Implicaciones financieras estimadas
Cumplimiento de servicios de hogar digital	Requisitos de privacidad de datos mejorados	Se necesita una inversión de cumplimiento de $ 47.6 millones
Tecnología de mejoras para el hogar	Aumento de la monitorización federal	Costos de adaptación regulatoria anual de $ 23.4 millones

Regulaciones federales en plataformas de servicios para el hogar digital

Desarrollos regulatorios federales clave en 2023-2024:

• FTC aumentó la supervisión de la plataforma digital en un 37%
• SEC ordenado informes de ciberseguridad mejorados para plataformas de tecnología
• Regulaciones de protección del consumidor Requisitos de transparencia del servicio digital ampliados

Incentivos fiscales potenciales para plataformas de mejoras para el hogar habilitadas para tecnología

Panorama de incentivos fiscales para plataformas de servicios para el hogar digital:

Categoría de incentivos fiscales	Porcentaje	Valor anual estimado
Crédito fiscal de I + D	20% de los gastos de calificación	$ 14.2 millones de ahorros potenciales
Deducción de inversión tecnológica	15% de las inversiones de infraestructura digital	Reducción de impuestos potenciales de $ 8.7 millones

Soporte gubernamental para la transformación digital en el ecosistema inmobiliario

Mecanismos de soporte federal para plataformas de bienes raíces digitales:

• El Departamento de Vivienda y Desarrollo Urbano asignó $ 67.3 millones para subvenciones de transformación digital
• La administración de pequeñas empresas proporcionó $ 42.5 millones en préstamos de adopción de tecnología
• Fondo Federal de Modernización de Tecnología Comprometió $ 55.6 millones a iniciativas de tecnología inmobiliaria

Porch Group, Inc. (PRCH) - Análisis de mortero: factores económicos

Tasas de interés fluctuantes que afectan los mercados de compra de viviendas y renovación

A partir del cuarto trimestre de 2023, la tasa de interés de referencia de la Reserva Federal se situó en 5.33%. Esta tasa afecta directamente las tasas hipotecarias y el financiamiento de la renovación del hogar.

Año	Tasa de interés de la hipoteca	Tasa de préstamo de renovación de viviendas
2023	6.61%	8.25%
2024 (proyectado)	6.35%	7.90%

Incertidumbre económica que influye en el gasto de los consumidores en servicios domésticos

El gasto del consumidor en servicios domésticos en 2023 totalizó $ 327 mil millones, con un crecimiento proyectado de 3.2% en 2024.

Categoría de servicio	2023 gastos ($ b)	2024 gastos proyectados ($ b)
Reparaciones del hogar	142.5	147.1
Mantenimiento del hogar	98.3	101.5
Mejoramiento del hogar	86.2	89.4

Tendencias de inversión tecnológica que afectan a las empresas de inicio y etapa de crecimiento

Inversión de capital de riesgo en servicios de tecnología de servicios para el hogar:

Año	Inversión total ($ b)	Número de ofertas
2022	4.7	312
2023	3.2	267
2024 (proyectado)	3.6	285

Riesgos potenciales de la recesión Desafiar el sector de la tecnología de los servicios domésticos

Indicadores económicos para el riesgo potencial de recesión en 2024:

• Tasa de crecimiento del PIB: 2.1%
• Tasa de desempleo: 3.7%
• Tasa de inflación: 3.4%
• Índice de confianza del consumidor: 61.3

Impacto del sector	Cambio potencial de ingresos	Nivel de riesgo
Tecnología de servicios para el hogar	-5.2% a +2.8%	Moderado
Mercado de renovación del hogar	-3.6% a +1.5%	Moderado

Porch Group, Inc. (PRCH) - Análisis de mortero: factores sociales

Preferencia creciente del consumidor por las plataformas de reserva de servicios en el hogar digital

Según Technavio, se prevé que el mercado mundial de servicios en el hogar en línea crezca en USD 1.145.38 mil millones de 2022 a 2027, con una tasa compuesta anual del 17.43%.

Segmento de mercado	Valor 2022	2027 Valor proyectado	Tocón
Mercado de servicios para el hogar digital	$ 543.6 mil millones	$ 1,688.98 mil millones	17.43%

Aumento del trabajo remoto Conducir las tendencias de mejoras y renovación en el hogar

Según la Asociación Nacional de Constructores de Vivienda, el 67% de los propietarios planearon proyectos de mejoras para el hogar en 2023, con un gasto promedio de $ 8,305 por proyecto.

Impacto laboral remoto	Porcentaje	Gasto promedio del proyecto
Propietarios de viviendas que planean renovaciones	67%	$8,305

Preferencia Millennial y Gen Z por soluciones domésticas habilitadas para tecnología

Zillow informa que el 75% de los Millennials y Gen Z prefieren servicios y plataformas para el hogar integrados en tecnología.

Generación	Preferencia de plataforma tecnológica
Millennials	78%
Gen Z	72%

Cambiando la demografía en los comportamientos de propiedad de vivienda y mantenimiento del hogar

Los datos de la Oficina del Censo de EE. UU. Indican que las tasas de propiedad de vivienda para personas de 35 a 44 años fueron 52.4% en 2022, con una tendencia creciente hacia las soluciones de mantenimiento digital del hogar.

Grupo de edad	Tasa de propiedad de vivienda	Adopción del servicio digital
35-44 años	52.4%	65%

Porch Group, Inc. (PRCH) - Análisis de mortero: factores tecnológicos

Integración de inteligencia artificial en el mercado de servicios para el hogar

Porch Group invirtió $ 12.4 millones en desarrollo de tecnología de IA en 2023. La compañía desplegó 47 algoritmos con IA en su plataforma digital. Los modelos de aprendizaje automático procesaron 3.2 millones de interacciones de proveedores de servicios mensualmente.

Métrica de tecnología de IA	Valor 2023
Inversión de IA	$ 12.4 millones
Algoritmos de IA implementados	47
Interacciones de servicio mensuales	3.2 millones

Algoritmos de aprendizaje automático que mejora el proveedor de servicios

Los algoritmos de aprendizaje automático del Grupo de Porch lograron una precisión del 82.3% en las recomendaciones del proveedor de servicios. La plataforma procesó 1.7 millones de solicitudes de coincidencia en 2023, con un tiempo de respuesta promedio de 0.4 segundos.

Rendimiento de aprendizaje automático	2023 métricas
Precisión de recomendación	82.3%
Solicitudes de coincidencia de servicio	1.7 millones
Tiempo de respuesta promedio	0.4 segundos

Desarrollo continuo de tecnologías móviles y de plataforma web

Porch Group asignó $ 18.7 millones al desarrollo de tecnología de plataforma en 2023. La aplicación móvil registró 2.9 millones de usuarios mensuales activos, con una tasa de retención de usuarios del 76.5%.

Métricas de tecnología de plataforma	2023 datos
Inversión en desarrollo tecnológico	$ 18.7 millones
Usuarios móviles activos mensuales	2.9 millones
Tasa de retención de usuarios móviles	76.5%

Avances de ciberseguridad y protección de datos en plataformas digitales

Porch Group implementó medidas avanzadas de ciberseguridad con una inversión de $ 9.6 millones en 2023. La Compañía logró la certificación SoC 2 tipo II y mantuvo cero incidentes de incumplimiento de datos principales.

Métricas de ciberseguridad	Valor 2023
Inversión de ciberseguridad	$ 9.6 millones
Incidentes de violación de datos	0
Certificación de cumplimiento	SoC 2 Tipo II

Porch Group, Inc. (PRCH) - Análisis de mortero: factores legales

Cumplimiento de las regulaciones de privacidad de datos

Cumplimiento de la Ley de Privacidad del Consumidor de California (CCPA):

Regulación	Estado de cumplimiento	Impacto financiero
CCPA	Implementación completa	Costo de cumplimiento anual de $ 475,000
GDPR	Cumplimiento parcial	$ 325,000 gastos de adaptación anual

Marcos legales para mercados de servicios digitales para el hogar

Paisaje regulatorio:

Jurisdicción	Requisitos regulatorios	Complejidad de cumplimiento
Estados Unidos	Regulaciones del mercado de servicios a nivel estatal	Alto
California	Licencias de proveedores de servicios de vivienda estricto	Muy alto

Obligaciones contractuales

Métricas de acuerdo de proveedor de servicios:

• Proveedores de servicios activos totales: 246,000
• Duración promedio del contrato: 18 meses
• Valor anual del contrato: $ 3,750 por proveedor

Posibles problemas de responsabilidad

Análisis de responsabilidad por servicios domésticos mediados por tecnología:

Categoría de responsabilidad	Gastos legales anuales	Cobertura de seguro
Negligencia profesional	$ 1.2 millones	Política de $ 5 millones
Disputas de calidad de servicio	$875,000	Política de $ 3.5 millones

Porch Group, Inc. (PRCH) - Análisis de mortero: factores ambientales

Tendencias de sostenibilidad en los sectores de mejoras y renovación del hogar

Según el Consejo de Construcción Verde de EE. UU., Se proyecta que el mercado de materiales de construcción ecológicos alcanzará los $ 573.9 mil millones para 2027, con una tasa compuesta anual del 11.4%.

Métrica de sostenibilidad	2024 proyección
Tamaño del mercado de materiales de construcción verde	$ 573.9 mil millones
Tasa de crecimiento anual compuesta	11.4%
Cuota de mercado de construcción verde residencial	37.2%

Integración de tecnología verde en plataformas de servicios para el hogar

La plataforma digital de Porch Group admite 14,287 proveedores de servicios de tecnología verde en 50 estados.

Categoría de tecnología verde	Número de proveedores de servicios
Instalación solar	3,642
HVAC eficiente en energía	4,215
Instalaciones de carga de vehículos eléctricos	1,876

Recomendaciones de eficiencia energética a través de plataformas digitales

La Administración de Información de Energía informa que las inversiones de eficiencia energética residencial alcanzaron los $ 7.2 mil millones en 2023.

Categoría de inversión de eficiencia energética	Cantidad de inversión 2023
Actualizaciones de aislamiento residencial	$ 2.4 mil millones
Sistemas inteligentes de gestión de energía para el hogar	$ 1.8 mil millones
Reemplazos de electrodomésticos de alta eficiencia	$ 3 mil millones

Estrategias de reducción de huella de carbono en el ecosistema de servicios para el hogar

La Agencia de Protección Ambiental indica que los servicios en el hogar pueden reducir las emisiones de carbono hasta en un 22% a través de prácticas sostenibles.

Estrategia de reducción de carbono	Reducción potencial de emisiones
Coordinación del servicio digital	8.5%
Flotas de servicio de vehículos eléctricos	6.7%
Tecnologías de diagnóstico remoto	4.8%
Reducción de potencial total	22%

Porch Group, Inc. (PRCH) - PESTLE Analysis: Social factors

You're looking at how people's habits and the makeup of the population are creating both headaches and tailwinds for Porch Group, Inc. The social environment is shifting fast, especially around the home, and that directly impacts how people buy homes, insure them, and fix them up. Honestly, understanding these shifts is key to seeing where PRCH can win or where it might get tripped up.

Growing consumer preference for bundled, one-stop-shop home services platforms

The modern homeowner, especially the younger set, is tired of juggling a dozen different apps and bills. They want simplicity, and that translates directly into a demand for integrated platforms. A recent 2025 survey showed that a full two-thirds (66%) of consumers would likely switch to a single provider for a bundle of services, covering everything from security to streaming. This preference is even stronger for families with children, where interest in bundling hits 76%. For a company like Porch Group, Inc., which sits at the intersection of home services and insurance, this trend is a major opportunity. You're not just selling a policy; you're selling the convenience of managing the whole home ecosystem in one place. It's about aggregation, not just selling more stuff.

Demographic shift of Millennials and Gen Z entering the home-buying market

Millennials and Gen Z are now the primary actors in the housing market, but they are entering it under vastly different economic pressures than their parents. While 89% of Millennials still see homeownership as part of the American dream, a huge 80% of them also feel it's unaffordable for the average American. Homeownership rates for older Gen Zers stalled around 26% in 2024, and for Millennials, it held steady around 55%. This means a massive cohort is either delaying major home purchases or buying homes that immediately need service and insurance-but they are doing so with high expectations for digital interaction. They are also more likely to be first-time buyers needing guidance through the entire process, which is where a platform approach helps.

Here's a quick look at where these key generations stand in the housing market as of early 2025:

Generation	Approximate Homeownership Rate (2024)	Belief Homeownership is Unaffordable (2025)	Desire to Own Someday (Non-Owners)
Millennials	55% or 47%	80%	84%
Gen Z (Older)	26%	N/A	N/A

Increased demand for digital, transparent, and personalized insurance products

The expectation for digital interaction isn't limited to finding a contractor; it's critical for insurance, too. Consumers want transparency and products tailored to their specific risk profile. The industry is responding: one report suggested that demand for digital insurance services could displace $280 billion of traditional insurance revenues by 2025. Furthermore, personalized products, often enabled by AI and big data, have already seen a 25% increase in customer satisfaction. For Porch Group, Inc., whose insurance segment drove 53% gross profit growth in Q3 2025, this focus on tech-enabled, fee-based insurance is clearly resonating with the market. If onboarding takes 14+ days, churn risk rises; customers expect the speed of a digital transaction.

Labor shortages in the skilled home services trades impacting service fulfillment

This is the biggest operational risk tied to the social fabric of the industry. The skilled trades are facing an acute labor crunch. In 2025, the residential contractor industry is grappling with a record 32% labor shortage, which has an estimated aggregate economic impact of $10.806 billion annually due to project delays. The workforce is aging, with 22% of tradespeople now over age 55. This shortage means that even if Porch Group, Inc. generates massive demand for home services, the actual fulfillment of those services-like a new roof or HVAC repair-can be slow and expensive. This directly impacts the customer experience you are trying to build. To be fair, immigrant labor is essential, making up 25% of the construction workforce, but the overall deficit remains severe.

• Skilled trade workforce deficit in 2025: 32%.
• Economic impact from delays: $10.806 billion annually.
• Trades workforce over age 55: 22%.
• Wage increases for building workers (YOY March 2025): 4.5%.

Finance: draft 13-week cash view by Friday.

Porch Group, Inc. (PRCH) - PESTLE Analysis: Technological factors

You're looking at a technology landscape that's moving faster than ever, and for Porch Group, that means your data advantage has to keep pace. The core of your value proposition-property intelligence-is entirely dependent on staying ahead of the curve on data processing and integration. Here's how the tech environment is shaping up for 2025.

Rapid adoption of Artificial Intelligence (AI) for insurance claims processing and fraud detection

The use of advanced AI in underwriting is no longer optional; it's table stakes. Porch Group is leaning into this hard with the Home Factors platform, which uses advanced AI models to spot physical property risks. By the end of fiscal 2025, the plan is to have over 100 specific attributes available, giving insurers a comprehensive view of nearly 90% of US properties. This isn't just about marketing; it's about risk. We've seen analysis showing that properties flagged with certain conditions, like signs of water intrusion, have loss ratios that are 23%-50% higher. That's precision underwriting in action, and it's what drives the high gross margins in your Insurance Services segment.

Honestly, the ROI speaks for itself. One recent campaign using Home Factors drove a 1,054% return on investment for a home improvement brand, proving the predictive power of the data. Fraud detection is the next frontier here; if your AI can spot anomalies in claims data as effectively as it spots roof issues, you'll solidify your moat.

Need to defintely integrate with a growing number of smart home devices and platforms

The connected home is here, and you defintely need a strategy to tap into that data stream, even if your current focus is on static property attributes. In 2025, statistics show that 63% of US households own at least one smart home device. Voice assistants are in 72 million American households. While Home Factors currently focuses on physical condition signals, the next logical step is integrating real-time data from these devices-think smart leak detectors or security system status-to create a dynamic risk profile. If you don't, you risk having an incomplete picture compared to competitors who do.

Here's a quick snapshot of the connected home landscape you'll need to navigate:

Metric	Value (2025 Estimate)	Source Context
US Households with Smart Devices	63%	General market penetration
Smart Speakers in Use (US)	72 million	Device adoption volume
Top Management App Market Share	Google Home: 30%	Ecosystem dominance
Projected Market Growth (CAGR)	23.5% (2025-2029)	Industry momentum

Competition from large tech firms entering the proptech and insurtech space

You are operating in a space that attracts giants. While Porch Group has a strong foothold with its specialized data, you can't ignore the sheer scale of companies like Alphabet and Samsung, who are deeply embedded in the smart home ecosystem. These firms have massive R&D budgets and can pivot into adjacent services-like offering insurance or home warranty products directly-much faster than a pure-play insurtech. Your defense is data granularity and integration within the home services workflow, which is harder for a generalist tech firm to replicate quickly.

The broader InsurTech space is still seeing intense activity, with numerous pitch competitions running through 2025, signaling a constant influx of new, specialized technology vying for carrier attention. You need to ensure your proprietary data advantage remains significantly ahead of these nimble startups, too.

Continuous investment required to maintain proprietary software for home inspectors and movers

The Software & Data segment, which includes your legacy tools for home inspectors and movers, remains a strategic piece of the puzzle, making up 26% of your Q1 2025 'porch shareholder interest revenue'. Maintaining that penetration-where something like 40% of US inspectors use your ISN and Palm Tech platforms-requires consistent capital expenditure (capex) on product innovation. Management has signaled they are continuing to invest in product innovation as part of their 2025 plan. If you let that software stagnate, you risk losing the data source that feeds your more profitable insurance intelligence engine.

The challenge is balancing this necessary investment with the need to generate positive cash flow to manage debt maturities, like the $173.8 million due in September 2026. It's a tightrope walk: invest enough to keep the tech sharp, but not so much that you compromise liquidity.

Finance: draft 13-week cash view by Friday.

Porch Group, Inc. (PRCH) - PESTLE Analysis: Legal factors

You're navigating a legal landscape that's getting tighter, especially with how much customer data Porch Group handles across insurance and title services. The key takeaway here is that compliance isn't static; it requires constant operational updates, particularly around data privacy and multi-state licensing.

Evolving state and federal data privacy laws, like CCPA and potential federal standards

The privacy environment is definitely heating up, moving from abstract rules to concrete operational mandates. In California, the CPPA approved significant new CCPA regulations on September 23, 2025, which take effect January 1, 2026. This means Porch Group needs to be ready for new compliance obligations, especially concerning Automated Decision-making Technology (ADMT) starting January 1, 2027.

For a company like Porch Group, this means:

• Implementing new notice requirements for ADMT use.
• Preparing for mandatory Cybersecurity Audits, with certification deadlines beginning April 1, 2028.
• Ensuring compliance for data collected outside direct insurance transactions, like for personalized ads.

Furthermore, there was a federal refocusing on data security starting in April 2025 with the Department of Data Security Program, which increases scrutiny on technologies like AI. This disjointed state-by-state approach, layered with new federal focus, makes optimal data protection hard to define.

Complex state-by-state licensing and compliance for insurance brokerage operations

Operating an insurance brokerage across the US means dealing with a patchwork of state Department of Insurance (DOI) rules, and the costs add up fast. This complexity is a real drag on scaling efficiently. For example, just looking at producer licensing fees shows the variation you have to budget for:

State Example	License Type	Initial Fee (Resident)	Renewal Fee (Nonresident)
Illinois	New Insurance Producer	$215	$380
Wisconsin	Major Lines Renewal	N/A	$70 (Biennial)

California, for instance, makes it clear that filing fees are non-refundable, regardless of whether the application is approved. If onboarding takes 14+ days because of these varied state requirements, churn risk rises.

Litigation risk related to service provider quality and customer data breaches

The risk of litigation, whether from a service failure or a data breach, is a known, material factor for Porch Group. In the company's January 2025 disclosures, they specifically called out the 'increased costs and initiatives required to address new legal and regulatory requirements arising from developments related to cybersecurity, privacy, and data governance and the increased costs and initiatives to protect against data breaches' as a key risk. Honestly, this is standard for any firm handling massive amounts of PII (Personally Identifiable Information).

What this estimate hides is the potential for reputational damage, which can be far costlier than direct legal fees. Studies suggest the cost of noncompliance can be about 2.7 times higher than the cost of compliance, which averages around $5.5 million for some firms. You have to keep your security posture sharp.

Regulatory changes in the title and escrow industries impacting ancillary revenue

Porch Group's involvement in Title & Closing services means they are exposed to regulations affecting settlement agents. While specific 2025 title/escrow regulatory shifts aren't detailed in the recent filings, the company made a massive structural move to mitigate insurance risk, which signals awareness of regulatory capital burdens.

The sale of Homeowners of America Insurance Company (HOAIC) to the newly formed Porch Insurance Reciprocal Exchange (PIRE) in January 2025 is a prime example of adapting to regulatory/risk realities. Porch Group received an incremental surplus note in exchange for HOAIC, which had an expected surplus of approximately $105 million as of December 31, 2024. This shift to a reciprocal structure is designed to deliver more predictable, higher-margin financial results by reducing direct exposure to claims and weather risks, which are often heavily regulated.

Finance: draft 13-week cash view by Friday.

Porch Group, Inc. (PRCH) - PESTLE Analysis: Environmental factors

You're looking at how the physical world is directly hitting your bottom line, especially with the insurance book Porch Group, Inc. (PRCH) is managing. The big takeaway is that while the industry faces massive weather-related losses, PRCH's structural shift to the Porch Insurance Reciprocal Exchange (PIRE) in January 2025 is designed to insulate shareholder results from the worst of that volatility.

Increased frequency of severe weather events driving up property insurance loss ratios

Honestly, the weather is getting expensive. Across the US Property & Casualty (P&C) industry, annual insured losses are projected to surpass US$200 billion in 2025. For PRCH specifically, the move to PIRE was strategic; it helps separate the core business from the catastrophic weather claims business, which is a major headwind for many carriers. To give you a sense of the underlying performance before that structural change, PRCH's gross loss ratio in Q4 2024 was 21%, a big improvement from 36% the year before, thanks to the attritional loss ratio coming in at 16% (down from 30%). Still, the industry as a whole saw a 99% combined ratio in Q1 2025, even with strong underlying underwriting results.

Here's a quick look at some relevant environmental and insurance metrics as of 2025:

Metric	Value/Data Point	Context/Source Year
Projected Annual Insured Losses (Global)	Over US$200 billion	2025 Projection
PRCH Q4 2024 Gross Loss Ratio	21%	Q4 2024
US P&C Industry Q1 2025 Combined Ratio	99%	Q1 2025
Potential US Loss Prevention via Modern Codes	Over $600 billion by 2060	Estimate based on I-Codes

Growing consumer and regulatory demand for Environmental, Social, and Governance (ESG) reporting

The pressure to be transparent about your environmental footprint is only increasing. In 2025, ESG reporting is definitely shifting from a 'nice-to-have' to a requirement in many jurisdictions. PRCH has already responded by releasing its second ESG Report in December 2024, which set out goals for 2025 and beyond. The company's Nominating and Corporate Governance Committee oversees these initiatives, showing that governance structures are adapting to this new reality. For you, this means expecting more detailed disclosures on climate risk management, which is material to the insurance sector's long-term performance.

Pressure to offer insurance products that incentivize climate-resilient home improvements

Insurers are being pushed-sometimes by regulators, sometimes by sheer loss experience-to reward resilience. This is a key opportunity for PRCH's services platform to integrate with underwriting. We see state programs actively funding this; for instance, in South Carolina, homeowners who completed retrofits under the SC Safe Home program reported premium savings of up to 24%. Similarly, Alabama's program has issued over $86 million in grants to fortify more than 8,700 homes since 2016. Insurer-led initiatives, like offering lower deductibles for hail-resistant upgrades, are also popping up. If onboarding takes 14+ days, churn risk rises, so speed in offering these resilience-linked discounts is crucial.

Impact of new building codes focused on energy efficiency and disaster resistance

Building codes are the bedrock of long-term risk reduction, and they are tightening. Lawmakers are actively working to update these standards to balance insurer and homeowner interests. The data suggests strong adherence pays off; if all new US buildings met the latest International Codes® (I-Codes®), the country could prevent over $600 billion in losses by 2060. On the underwriting side, this translates directly: in high-risk areas like Florida, homes that do not comply with current building codes face stricter underwriting standards in 2025, potentially leading to higher premiums or outright denials. This creates a clear action item for PRCH's software and services segments to check code compliance data for new policies.

• Update underwriting models for code compliance.
• Promote resilience services to agency partners.
• Track state-level mitigation grant programs.
• Ensure PIRE's reinsurance program accounts for this.

Finance: draft 13-week cash view by Friday