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Category: InsurTech

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5 Insurtech Working to Improve Agency Processes, Efficiency

5 Insurtech Working to Improve Agency Processes, Efficiency

Independent insurance agents can find sifting through the many insurtech products to pinpoint ones suited to their needs is a daunting assignment. But it’s an assignment they must tackle, according to agency consultant Chris Burand, founder of Chris Burand & Associates, who says that agencies themselves, not their carriers, must decide which insurtechs are best…
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Carriers Will Pay When Insurtech Doesn’t Deliver on Big Promises

Carriers Will Pay When Insurtech Doesn’t Deliver on Big Promises

A startup claiming to predict disaster damage and optimize response has attracted insurers’ interest, but flaws in the methodology could put carrier partners at risk. The promise of new technology historically tends to be rooted more in hype than reality. Insurtech is not immune. While Insurtech has proven useful in streamlining claims management, garnering more…
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Why Agencies Shouldn’t Be Afraid of Insurtech and Need to Adopt It – Now

Why Agencies Shouldn’t Be Afraid of Insurtech and Need to Adopt It – Now

There’s been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and whether to wait for new agency systems. Regardless of the confusion, choosing to do nothing is not an option, according to…
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3 Things to Know About Blockchain Insurtech, in Actual English

VUE analysts contend that the underlying tech has value, even if cryptocurrency hype gives you hives. “Everyone knows” that blockchain technology is supposed to be the next hot insurtech thing, and that it involves people in goatees who trade Bitcoin, from laptops in coffee shops, while muttering mysterious phrases about “coin offerings.” Computer Solutions &…
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