Personal Lines

Litigation risk looms large over the insurance industry, driven by digital transformation, more complex insurance products and heightened regulatory scrutiny.

Proponents rave that embedded insurance benefits the insurer, third parties and customers, but we should temper the hype--without spoiling the enthusiasm.

Quoting has historically been tedious and time-consuming, but a new approach can greatly simplify the process. What is it? Texting. 

In the same way that, pre-COVID, some health experts warned that a pandemic was coming, astronomers say a massively destructive solar storm is overdue. We should prepare.

We’ll see a level of collaboration — and efficiency and transparency — that we’ve never seen before. 

The excess and surplus insurance market is experiencing dynamic growth, creating major opportunities for insurtechs.

While embedded insurance may offer a quick solution, it lacks the personalized service and tailored coverage that independent agents can provide. 

Risk mitigation is no longer just a nice bonus but instead a critical aspect of a strong insurance application, and crucial to limiting premium increases.