To achieve long-term growth, a carrier sought to expand into new lines of business and diversify geographically with new products & channels. Throughout this journey, the client needed to maintain a strong balance sheet while delivering a superior customer experience.
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There are arguments both for and against the near-term emergence and impact of the Metaverse. It is fun to think about how it may dramatically alter human existence in the future, but first, it is important to define what is even meant by the term—and there is no universal agreement on the concept.
Understanding the needs of stakeholders and allocating investments accordingly to enhance digital capabilities not only improves the customer experience of agents and policyholders but also delivers greater efficiencies internally.
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Previously, we have discussed major trends including mobility, electrification, sustainability, and digital experience, but how will these emerging trends impact P&C insurers now and in the future? We’ve categorized these implications into the good, the bad, and the ugly.
CES has become one of the biggest auto shows in the world—but rather than focusing on new models and styling, the orientation is toward the most advanced technology capabilities and the user experience. In this blog we discuss the interrelated themes and trends between the auto show and the insurance industry.
We highlight the five major themes from the CES Las Vegas 2023 that insurance companies should watch for, including some new trends as of this year and ongoing themes from years past.
Small commercial insurers are in a unique position in the insurance industry. While the personal lines segment often pioneers the latest innovations first in the industry, small commercial carriers are frequently at the forefront of change in the commercial market before technologies reach mid/large commercial risks.
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Commercial lines insurers have endured numerous ups and downs in 2022, leading to further uncertainty about the stability of markets worldwide. Undoubtedly, insurers are planning for events that may disrupt their businesses in the new year, but are these plans shifting how insurers approach innovative transformational technologies?
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The mid to large commercial lines segment has worked extensively to evolve the distribution ecosystem through new partnerships and expansion strategies. However, according to new ReSource Pro Consulting research, not all solutions meet the expectations of carrier executives today.