AM Best: Recent Insurance Layoffs not Primarily Due to AI
AM Best doesn’t think that Artificial Intelligence (AI) is the main reason why so many people have lost their jobs in the insurance business recently.
Read articleMadison Rodak
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Understanding the Role of a Managing General Agent
Without having to incur the usual costs of expansion, MGAs can provide insurers with an affordable way to enter new or niche markets.
Read articleUnlocking the Potential of Big Data: Transforming the Landscape of Insurance and Insurtech
Within the quickly developing insurance and insurtech industries, “big data” is becoming a widely used term. Professionals in the insurance sector examine how it is spurring innovation and its ramifications for risk assessments, policy pricing, and client relations.
Read articleEnsuring a Compelling Digital Workplace is Vital for Attracting the Next Generation of Insurance Professionals
About 70% of youthful workers said that if their expectations for the digital experience were not fulfilled, they would think about quitting the organization.
Read articleThe Vital Importance of Personalization for P&C Insurers
Personalized messaging, offers, and experiences at scale are becoming more than simply an unprecedented opportunity for P&C insurers due to mounting competition and rising customer expectations. Any carrier hoping to take a sizable lead over competitors may find it to be strategically necessary very soon.
Read articleThe Dawn of Electric Vehicles: Transforming the Landscape of Auto Insurance – Part 2
The growing popularity of EVs will have a significant effect on several sectors of the automobile industry. What implications does this sharp rise in EV sales have for vehicle insurance then? Let’s look at the rise of EVs and what its implications for customers and auto insurance in Part Two.
Read articleThe Dawn of Electric Vehicles: Transforming the Landscape of Auto Insurance – Part 1
The era of electric vehicles is now formally upon us (EV). By 2022, there will be more than 10 million electric vehicles sold worldwide. By 2030, the International Energy Agency (IEA) predicts that this number will almost triple. There are currently 3 million electric vehicles (EVs) on the road in the United States alone, and there are more than 130,000 public charging stations. These numbers are only expected to rise.
Read articleHow a Small Group of Firms is Changing Disaster Insurance
As natural disasters like wildfires and storms become more severe, many insurance companies are limiting their coverage in certain areas or reducing what they’ll pay for repairs.
Read articleIs Reduced Demand for Upgrades in Insurance Inhibiting Innovation
In comparison to other industries, the insurance sector has struggled to keep up due to low levels of innovation.
Read articleUnlocking Five Insurtech Revenue Streams in the Digital Nomad Market
Think again if you believed that the digital nomad was just a passing fad that would soon fade away. 69% of digital nomads said they intended to maintain their way of life for at least the next two to three years in 2022. This is an increase from 54% in 2021 and 49% in 2020, and the rate is just going up.
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