Going Digital

I hope the next wave of insurtech players will have more robust insurance fundamentals and will not pretend that insurance ignorance is a competitive advantage.

An announcement by a prominent venture firm suggests we have reached peak Silicon Valley and, more broadly, are headed toward a more decentralized model for innovation. 

Automation and other digital technology, often unseen by the consumer, continue to improve operations for insurers with the vision to embrace them.

78% of digital transformation efforts fail to drive desired results due to poor planning. Here are some steps that will ensure success.

MGAs and E&S carriers are thriving, and they have lots of runway in front of them. They can continue to exploit their deep understanding of market niches, can drive efficiencies in the often-cumbersome underwriting process and can increasingly fit into insurers' processes by being at the forefront of APIs.

Many incumbents are doubting their insurtech efforts, but the recent drop in stock-market valuations is not about insurtech, it is about tech.

An insurance brokerage buys naming rights to the Pittsburgh Steelers' iconic stadium; autonomous drones are checking power lines; and more. 

A recent SMA study shows that 41% of personal lines insurers are revisiting their digital transformation strategies in 2022, a significant jump from 19% in 2021.