January 29, 2020 Responses to The Council’s Commercial Property/Casualty Market Index survey illustrate an increasing awareness of the impacts of social inflation, ultimately leading to increases in commercial premium pricing, more expensive
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
As the decade comes to a close, we’re reflecting on the top Emerging Trends from 2019 — From Cyber to Insurtech to the PC Market and Regulation.
We sit down with Chris McDaniel, president of the RiskStream Collaborative (formerly RiskBlock Alliance).
Read our interview with Q&A with Mike Ferber, CEO, Dovetail Insurance.
Industry tripod discusses connectivity and the consumer amidst changing industry landscape.
Digital brokerage of the future is guiding light for recent innovation.
At this year’s TECHtalk program, two panels delved into the evolving space of small commercial insurance, a $140 billion industry in annual revenue.
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.