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Digital Channels of Engagement. Check. Next Product Diversity.

November 15, 2017

As the sharing economy continues to evolve and the autonomous revolution emerges, consumers’ insurance needs are changing, requiring new types of coverage to ensure adequate protection against new risks.

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How to Augment Your Independent or Captive Agent Channels with D2C

November 08, 2017

At the beginning of this year, Deloitte released its predictions for the insurance industry. Topping the list of priorities was the need to “expand digital distribution and virtual service to cut costs and gain competitive advantages.”[i]

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Insurers Selling Exclusively Through Independent or Captive Agents Need to Augment Their Channel Strategy with D2C

November 01, 2017

It was Ellen Carney, insurance industry influencer and principle analyst at Forrester, who said that insurers are suffering from “shiny object syndrome  <https://go.forrester.com/blogs/how-should-insurers-unleash-their-digital-businesses-by-mastering-the-digital-basics/> .

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Loyalty Over Price in P&C Insurance

October 25, 2017

It’s a typical scenario across the P&C insurance industry. A customer seeks a quote, but instead of closing on the coverage, looks toward other insurers for a better price.

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What P&C Insurers Are Missing in the Absence of Direct-to-Consumer Engagement

October 18, 2017

Twitter feeds of industry influencers lit up about ZhongAn’s recent $1.5 billion stock offering. There was a feeling in the air that the P&C insurance industry had finally turned a corner, reaching for direct-to-consumer distribution with open arms.

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Why More Insurers Aren’t Going Direct-to-Consumer

October 11, 2017

According to McKinsey, the goal in establishing a sound digital strategy is to simply meet customers’ expectations.[i]

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Hurricane Season Comes with a Warning to P&C Insurers

October 04, 2017

Hurricane Harvey hit Texas with a blast in early September. Not to be outdone, Irma slammed the coast of Florida sixteen days later and moved inland with devastating speed. Close on her heels, Jose hit the Leeward Isles and Maria ravaged Puerto Rico, both eyeing the eastern seaboard with hungry intensity.

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Are P&C Insurers Failing Independent Agents?

September 27, 2017

The difference from one year to the next can be astounding. Just compare surveys of independent agents from the end of 2015, with the same survey taken a year later at the end of 2016. Industry outlook improved significantly as 49% felt positive about the year 2017,[i] compared to only 33% for 2016.[ii]

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Arm Your Captive Agent Force with Product Choice

September 19, 2017

Captive agents are calling on carriers to deliver stronger digital capacity and greater product choice as their share of premiums continues to decline.[i] Lacking the products and tools they need to compete with digitally-superior insurers, it’s a tough go for many captives in today’s market, but it could be a lot easier with the right capabilities and offerings.

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The Future of the P&C Industry Is Here Now

September 12, 2017

Digitization and product choice. That’s the future of P&C insurance. Just look at recent reports from CB Insights on the InsurTech partnerships taking place across the industry. The majority of alliances, such as Allstate and Openbay, have been forged to enhance product selection, or in the case of Nationwide and Sure, to add digital capacity to an existing product lineup.

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