Overcoming Challenges When Implementing Insurance Automation

Overcoming Challenges When Implementing Insurance Automation

Overcoming Challenges When Implementing Insurance Automation Insurance wholesalers, MGAs, and carriers play pivotal roles in connecting insurers, brokers, and policyholders. Today, as these companies explore the game-changing potential of insurance automation, they’ll encounter both opportunities and hurdles.    Here, we’ll look at key challenges when implementing insurance automation and the importance...
The Benefits and Challenges of Embedded Insurance

The Benefits and Challenges of Embedded Insurance

The Benefits and Challenges of Embedded Insurance Embedded insurance is predicted to grow more than six times by 2030, resulting in an estimated $722 billion in gross written premiums. But what exactly is embedded insurance, and what are the benefits to insurers and wholesalers? Keep reading for all the details....
Insurtech Partnerships and Collaborations: An Investment in Success

Insurtech Partnerships and Collaborations: An Investment in Success

Insurtech Partnerships and Collaborations: An Investment in Success Back in 2022, Fitch Ratings anticipated a significant rise in partnerships between insurance companies and insurtechs in the coming years. Now, in 2024, we're witnessing that prediction materialize as these partnerships have indeed surged in number. Insurance companies teaming up with insurtech...
Insurance Compliance Challenges: 5 Key Areas Where Technology Can Help

Insurance Compliance Challenges: 5 Key Areas Where Technology Can Help

Insurance Compliance Challenges: 5 Key Areas Where Technology Can Help Compliance plays a critical role in the insurance industry, ensuring that carriers and wholesaler companies follow the legal, ethical, and regulatory standards that govern their operations. As a result, companies are in a better position to:Protect the interests of their clientsImprove...