NEW YORK (July 25, 2016) – BOLT® Solutions, Inc. (www.boltinc.com), the leading digital distribution platform for the property and casualty (P&C) insurance industry, recently educated industry leaders at the 2016 Professional Insurance Marketing Association Mid-Year Meeting & Tradeshow. Leveraging over 20 years of experience in sales and product management, Scott Van Slyck, senior vice president of enterprise sales, led a presentation that offered insight into transformational business models that meet the needs of the rapidly-evolving P&C insurance industry.
The presentation, titled “Game Change: Industry Transformers,” identified and solved for developing trends in the insurance industry. Today’s customers are changing the way they research, select, and buy insurance, leaving carriers struggling to prepare for future distribution models. Exclusive and independent agents are retooling to respond to the disruption, while brokers are the middleman and are trying to remain relevant in the midst of change. Few of the existing models insurers are employing will turn carriers into relevant contenders fast enough to meet present consumer demands.
“Insurers must integrate digital and traditional channels, offer new products, and enter new markets to compete in today’s environment,” said Van Slyck. To elaborate, he shared insights on readily available digital solutions that position insurers to easily interface with current systems and to enter new markets without long-term commitments.
“Consumer demand for digital engagement is transforming the way insurance products are sold and marketed,” said Van Slyck. “The right digital distribution platforms bring all insurance market participants into one central marketplace, increasing efficiency and velocity as more products are added into the network to meet more of the customer needs, more of the time. Competition among carriers is turned into co-opetiton as they leverage one another’s’ products to secure sales.”
PIMA convenes an accessible community of leading insurance organizations, twice annually. This conference was attended by 100+ insurance executives representing companies leading the insurance industry in areas such as technology, marketing, products, and agencies. BOLT’s participation was based on over 25 years of collective experience in developoing cutting-edge solutions that have shaped the industry and on their commitment to further inspire innovation within P&C insurance organizations.
About BOLT Solutions Inc.BOLT® Solutions, Inc. (www.boltinc.com), the leading provider of digital distribution solutions to the P&C insurance industry, is helping insurers transform the way they sell and market their products to consumers and business owners. Compatible with existing infrastructure, The BOLT PlatformTM provides a single interface that connects seamlessly with back-office systems and improves carrier reach through a vast market network of new products. Insurers gain the ability to bundle their offerings with those from other carriers, positioning them to meet all of the customer's needs without taking on additional risk. Designed to connect carriers and their agents directly to consumers and business owners, The BOLT Platform delivers the optimized solutions, and ideal experience customers expect today. BOLT is an Actua company (Nasdaq: ACTA).