InsurTech

The global tech outage highlights vulnerabilities in business continuity planning, cyber liability insurance and technology partners.

This year’s conference focused on generative artificial intelligence (AI) and the industry’s accelerated acceptance of AI to extract data to deliver better outcomes in underwriting, claims, service and sales.

Through Citizens, more than 7,000 agents will receive no-cost access to the EZLynx Rating Engine to enable them to quote home and dwelling fire policies in Florida.

Applied Net 2023 took place this week. Taylor Rhodes, CEO of Applied, shared how the company’s dedication to the independent agency channel is inspiring continued developments in technology

Ivans Distribution Platform now supports 12 commercial lines with automated appetite assessment and digitized submissions and quoting.

As agency revenue increases, so does the challenge of getting the most out of the tool, rising from 62% of agencies that generate $500,000 to $1 million up to 76% of agencies that generate between $3 million and $5 million.

Applied Home National Underwriters will act as a managing general agent and will represent eight carriers, five from Applied and three from other carriers.

Input 1 provides digital billing and payment solutions to insurance carriers, managing general agents (MGAs), banks, agencies and premium finance companies.

The Technology Summary reveals a number of key insights into the use and adoption of technology by independent agency members.

In 2021, low and medium digital adopters grew their revenue an average of 10% year over year, but high digital adopters grew 17% year over year, according to the study.