There is no going back. Insurers must optimize operations for remote teams and supporting partners serving an increasingly diversified, and shifting, client base.
One insurtech has tried, but Hippo has burned through $628 million in cash and is spending more than $1.50 for every dollar of premium it is generating.
The past several years have demonstrated that the insurance industry really needs to understand the social inflation landscape so we can begin to address it.
Technology and weather science have evolved to help warn of approaching events, giving advanced notice to people to alter course and relocate to safety.
While we've all been talking about rising sea levels and coastal erosion for years, a recent video cut through all the theoretical considerations and made the issue real.