Insurtechs are continuing to disrupt the insurance industry, while pushing traditional insurers to focus on modernization initiatives and how they can best leverage the capabilities of data and analytics. While global insurtech funding has significantly declined following record highs in …
What is being sold when an owner decides to sell their agency? Expirations (generically). What are expirations? Data. Why is data valuable? Because the data enables one to create a revenue stream. The revenue stream is what is actually being …
There’s no denying it — challenging times are coming for CAT property markets. Truthfully, they’re already here. As I type this article, Hurricane Ian (category 4) is hours away from a direct hit on Florida’s west coast. Numerous wildfires are …
The first insurance company in the U.S., The Friendly Society, was established in Charleston, South Carolina, in 1735, according to the Insurance Information Institute’s insurance handbook, meaning the industry is now nearly 300 years old. But experts at the Insuretech …
How does an agency keep employees happy? Step one: Ask employees what will make them happy. That’s the advice from The Bulow Group, Insurance Journal’s Midwest Best Agencies to Work For Silver award winner. Based in Tinley Park, Illinois, the …
What makes an agency a great place to work? When researchers at Liberty Mutual and Safeco Insurance asked more than 730 independent insurance agents that question, 63% of them said workplace culture was a key factor. It comes as no …
Insurance has become one of the top industries targeted by cybercriminals. In fact, a recent ranking by the cybersecurity vendor Ekran included finance and insurance as one of the five industries “most at risk of data breaches.” As SC Media, …
At Cleary Insurance, a “no door” approach to organizational structure makes every employee feel respected and invested. “You are respected. You can express your feelings freely without repercussions,” said one employee. “Knowledge is shared. And keep in mind there are …
The majority of Americans (76%) say they would feel less safe driving or riding in cars with self-driving features. Similarly, 73% of people would feel less safe knowing others on the road are traveling in cars with self-driving features, according …
Despite near constant disruption from the twin forces of digital transformation and economic uncertainty, independent insurance agents have never been more satisfied with their carrier partners. According to the J.D. Power 2022 U.S. Independent Agent Satisfaction Study, overall agent satisfaction …
