At this year’s TECHtalk program, two panels delved into the evolving space of small commercial insurance, a $140 billion industry in annual revenue.
Technology has dramatically changed the way people live, including their buying behaviors.
Consumers expect a simple, streamlined experience, typically enabled by smart technology, and that experience presents a wide range of opportunities for innovation within the insurance industry.
On the heels of Fintech, investors and technology companies turned their attention to the insurance market, which has resulted in billions of dollars in funding. Thousands of products have been introduced, are continually evolving and gaining market traction in agency tools, data analytics, claims management, distribution, health tech, artificial intelligence, machine learning, internet of things and others, to improve the customer experience and enhance the way the ecosystem operates.
It is a strategic imperative for brokers to remain informed on the way technology is shaping insurance and to be proactive in seizing opportunities these tools and resources present.
All Insurtech Items
The first broker-led incubator and venture group focused specifically on broker-focused technology startups launches in 2020.
While onsite at ITC, we recognized four notable themes emerging from panels, one-off conversations and interviews.
The implementation of new technologies and incentivizing a data-driven culture was evident at our event solely focused on bringing together the brokerage community and broker-focused insurtechs at ITC.
The evolution of InsureTech Connect is best described using four words: Disruption, Collaboration, Partnership and Implementation.
July 31, 2019 We had the opportunity to chat with Leo Bernstein and Kevin Rabinowitz, executives from LineSlip Solutions. LineSlip is a cloud-hosted software platform purpose-built for the insurance industry
July 31. 2019 In the commercial P/C insurance marketplace, most technology aimed at brokers improves back-office administration and user experience by automating pieces of manual processes. However, that fact
Data to Optimize Sales Peformance (and more).
July 1, 2019 While state anti-rebating rules have long been problematic for insurance producers in terms of both compliance and business practice, new technologies and value-add products – telematics, connected
July 1, 2019 Ernst & Young recently released their 2019 Global Fintech Adoption Index, an in-depth report based on “27,103 online interviews with digitally active adults” from 27 markets all