5 Ways Technology is Helping Insurance Companies Reduce Customer Churn

5 Ways Technology is Helping Insurance Companies Reduce Customer Churn

5 Ways Technology is Helping Insurance Companies Reduce Customer Churn Did you know that in the insurance industry, it costs seven to nine times more to acquire a new customer than to retain an existing policyholder? Compared with other sectors, the insurance industry has one of the highest customer acquisition...
Insurtech Insights: Reviewing No-Code Solutions & Configuration

Insurtech Insights: Reviewing No-Code Solutions & Configuration

Insurtech Insights: Reviewing No-Code Solutions & Configuration From processing a renewal to marketing an account or quoting new business, insurance entities face a seemingly unending list of steps and processes. Luckily, today’s technology can help complete many of these time-consuming, redundant and manual tasks. When you stop and consider everything...
Why Response Time Is So Important in the Insurance Industry

Why Response Time Is So Important in the Insurance Industry

Why Response Time Is So Important in the Insurance Industry You’ve heard the saying: “If you aren’t first, you’re last.”  The reality? Today’s consumers are constantly comparing response times of services across all industries – and insurance is no exception. Insurance providers know the sooner you make contact with a...
How Insurtech Companies are Filling the Gap in a Tight Labor Market

How Insurtech Companies are Filling the Gap in a Tight Labor Market

How Insurtech Companies are Filling the Gap in a Tight Labor Market In a post-pandemic environment, the insurance industry has recovered well. In fact, the industry as a whole has experienced such significant growth since COVID-19 that 95% of insurance businesses surveyed said they plan on increasing staff over the...