Oct 8, 2026 · 19 min · 8 segments
Nick Colletta is vice president of underwriting - human services, Philadelphia Insurance Cos. talks about how religious organizations need confidence that their carrier understands their mission…
So Nick, how would you describe the insurance marketplace for religious organizations in 2026?
John, the current insurance market is such a interesting topic, especially for religious organizations.
The insurance market is softening, which is creating more competition among insurance carriers and agents.
Religious organizations are seeing more options and more competitive pricing than what they've seen in the past.
Most synagogues, churches, mosques and temples, they operate on a very limited budget and rely heavily on donations.
Smaller organizations don't have a dedicated risk manager, a facilities manager, or a legal department.
So while premium is obviously important, access to high-end professional risk management resources can provide significantly more value over the long term compared to a cheaply priced, thinly covered basic insurance policy.
access to those high-end professional risk management resources, they become magnified even greater if they're provided by the carrier at no additional cost.
And that's where Philly really differentiates itself as an insurance carrier for religious organizations.
We provide tools and resources designed to help prevent losses before they happen at no additional charge.
For example, insurers with property coverage at Philly can access Philly Sense, which uses sensors to detect water leaks and freezing conditions, moisture issues, and other water-related hazards before they become major claims.
For many religious organizations, especially those with Asian buildings, These loss prevention risk management services can be just as valuable as the insurance policy itself.
A house of worship is not just a brick and mortar building to its parishioners.
Their emotional and spiritual attachments tied to memories and events like a baptismal or a wedding or a a bat mitzvah, funerals, and as a result, protecting it and avoiding losses prior to them occurring is far more meaningful than it would be for an average commercial building where the loss is only financial.
In today's competitive market, that type of value is a significant differentiator for a carrier like Philly.
So Nick, how would you describe the insurance marketplace for religious organizations in 2026?
John, the current insurance market is such a interesting topic, especially for religious organizations.
The insurance market is softening, which is creating more competition among insurance carriers and agents.
Religious organizations are seeing more options and more competitive pricing than what they've seen in the past.
Most synagogues, churches, mosques and temples, they operate on a very limited budget and rely heavily on donations.
Smaller organizations don't have a dedicated risk manager, a facilities manager, or a legal department.
So while premium is obviously important, access to high-end professional risk management resources can provide significantly more value over the long term compared to a cheaply priced, thinly covered basic insurance policy.
access to those high-end professional risk management resources, they become magnified even greater if they're provided by the carrier at no additional cost.
And that's where Philly really differentiates itself as an insurance carrier for religious organizations.
We provide tools and resources designed to help prevent losses before they happen at no additional charge.
For example, insurers with property coverage at Philly can access Philly Sense, which uses sensors to detect water leaks and freezing conditions, moisture issues, and other water-related hazards before they become major claims.
For many religious organizations, especially those with Asian buildings, These loss prevention risk management services can be just as valuable as the insurance policy itself.
A house of worship is not just a brick and mortar building to its parishioners.
Their emotional and spiritual attachments tied to memories and events like a baptismal or a wedding or a a bat mitzvah, funerals, and as a result, protecting it and avoiding losses prior to them occurring is far more meaningful than it would be for an average commercial building where the loss is only financial.
In today's competitive market, that type of value is a significant differentiator for a carrier like Philly.
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