"With specialization, we're seeing brokers positively impact and improve their business in a variety of ways," says Mike Furlong.
Emerging risks are creating new areas of business that agents, brokers, intermediaries, and insurers must embrace to continually grow business in the future. In fact, a survey of middle-market brokers by McKinsey shows two-thirds expect to shift to a more specialized model within the next half-decade.
Mike Furlong, CEO and co-founder of Indio Technologies, shared with PC360 the ways he sees specialization impacting agents, broker, and the insurance industry.
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Heather A. Turner
Heather A. Turner is the managing editor of ALM's NU Property & Casualty Group. She can be reached at [email protected].
