The future of the insurance broker is under threat.
The danger comes from new technologies that are reinventing the insurance industry's distribution chain, its business models, and arguably even society as a whole. Many believe that the current shift towards a globally connected network of businesses will result in widespread disintermediation.
However, this future is not so black and white. The change is very real. New technologies are altering business processes, and 'disruptors' are constantly emerging; but instead of feeling threatened, we must see these developments as an opportunity to evolve. By changing the way we see ourselves, and modifying our approach to the business, the good brokers will survive and prosper.
Want to continue reading?
Become a Free PropertyCasualty360 Digital Reader
Your access to unlimited PropertyCasualty360 content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
