williamjones

Not only are InsurTechs dying to work with the independent insurance agency distribution channel, agents, spurred on by growing technology adoption, are taking the bull by the horns.

In July 2022, the Blockchain Insurance Industry Initiative (B3i), the insurance industry’s blockchain project steered by a consortium of 15 insurers and reinsurers, ceased activities and filed for insolvency following unsuccessful funding rounds.

Here are three ways digital underwriting trends can impact the service agents provide their clients.

Keeping up with the constant stream of digital tools can feel like drinking from a firehose. However, there are several things agency owners can do to ease the process and ultimately become a tech-savvy business.

While compliance has often been considered a costly and tedious—but necessary—issue, it can offer valuable opportunities to increase profitability.

PDFs remain an important resource for organizations that are interested in maintaining the security of information they are sharing.

​Independent agents recommend the best solutions to protect their clients. However, they sometimes fail to follow their own advice—particularly when it comes to protecting their agency against financial fraud.

The insurance industry may not be moving as fast as some would like, but let’s tap the brakes and think about why that is, where we should be going, and then assess our speed.

From ransomware attacks to the challenges of managing distributed workforces post-pandemic, digital risk is different, which means traditional insurance is no longer enough.

The reality is that outsourcing work to virtual assistants is a viable solution for all types of businesses, including independent insurance agencies.