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

Alternative Routes for Growth: Insurtech and MGAs
Insurtech | Apr. 24, 2019 | Insurtech, MGAs

April 25, 2019 Clyde & Co.’s Insurance Growth Report 2019 highlighted the growing importance of MGAs. According to the report, MGAs are now “one of the fastest-growing segments of the

The MGA: Innovation’s Royal Road?
Insurtech | Apr. 24, 2019 | MGAs

April 25, 2019 Managing General Agents (MGAs) are not a new model of risk transfer, but they recently have become more widespread, particularly in the small business space. Matthew Grant,

The Role of the Modern-Day Broker
Insurtech | Mar. 28, 2019 | Insurtech

March 28, 2019 UK firm Miller asked Ken Crerar, President/CEO of the Council of Insurance Agents & Brokers, to offer some insight on what role the insurance broker can play