August 25, 2017
The insurance industry is a conservative one. Conservative being code for outdated and not serving the agents and brokers at all. Most agencies are built on paper-and-ink processes or siloed computer systems that have trouble keeping up with the way consumers want to do business today.
While most agencies are focused on not rocking the boat, others are realizing that pushing the limits and adopting various forms of insurance technology, or InsurTech, is what will ultimately result in long-term success. So, if you’re one of the agencies that is ready to embrace change, here are 5 InsurTech trends you’ll want to be aware of: