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At InsureTech Connect 2023 in Las Vegas, generative AI dominates discussions. Amidst this, four contrasting observations portray the insurance industry's uncertain future. The balance teeters between positive and negative outcomes, leaving the direction uncertain. Success hinges on adaptability, responsible innovation, and strategic vision.
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Mark Breading
- New Hires
Award-winning transformation strategist adds significant bench strength to Consulting Practice.
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ReSource Pro
Please join us in warmly welcoming Meredith Barnes-Cook, who brings almost four decades of insurance experience to her new role as Advisory & Research Partner. She brings invaluable insights into operations, tech, and transformation driving innovation for carriers, MGAs, and vendors.
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Resource Pro Editorial Team
For P&C commercial lines carriers, data-driven decision-making and predictive models have been sought as a competitive edge. Yet, the challenge lies in collecting and maintaining structured data for model training, leading to manual processes and difficulty in staying up-to-date.
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Meredith Barnes-Cook
In a recent interview with Modern Insurance Magazine, ReSource Pro’s Meredith Barnes-Cook, Consulting Partner, discussed about the impact of technology on the insurance landscape and the evolving expectations of insurance customers. Here's a recap of her key insights.
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Resource Pro Editorial Team
- New Hires
Former Navy Rear Admiral John Spencer, now Senior Director of U.S. Operations at ReSource Pro, brings unique operational expertise to the insurance industry. Discover his journey from the Navy to insurance and his commitment to problem-solving and supporting growth.
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ReSource Pro
ReSource Pro transformed a struggling small business unit for a top-30 U.S. insurance broker. High attrition and workflow issues led to profit loss. With our Premier Service, we boosted capacity by 85%, increased revenue retention by 7%, and enhanced direct margin by 15%.
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Resource Pro Editorial Team
In the insurance sector, many businesses opt for C corporations or LLCs. These entities can leverage the Internal Revenue Code's provision, known as an S-election, to pass income, losses, deductions, and tax credits to individual owners, avoiding double taxation of business income.
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Resource Pro Editorial Team
Many leaders and carriers rely on qualitative assessments instead of data-driven analysis to gauge productivity and plan their workforce. The alternative is implementing capacity management to accurately assess workload capacity and make informed decisions.
This report provides actionable insights for carriers on distributor plans and expectations and highlights new research from a survey of executives at agencies and brokers focused on personal lines. The report looks at agencies’ current state of automating business with carrier partners, agents’ satisfaction with insurers’ digital offerings,
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