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
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
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
June 20, 2019 According to Jonathan Gandolf of Springbuk, “We don’t need more data. Employers need direction on how to use what they have.” Gandolf explores how to meaningfully analyze
May 30, 2019 “Pricing and underwriting are the core competencies of insurers—so where better to start our function-focused reviews of the value of InsurTech,” begins the Willis Towers Watson and
April 25, 2019 Pat, it’s been almost two years since The Institutes announced the launch of the RiskBlock Alliance (RBA). For those who are unfamiliar, can you briefly explain what
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
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,
WeGoLook’s transition to insurance, the impact of drones on insurance, and the nat cat market.
Tina Valdez is the co-president of the Beta Xi chapter of Gamma Iota Sigma at St. Mary’s. Upon graduation, she will start her career with Marsh.
The Institutes CEO talks about the inaugural Future of Risk conference