As a result of increased accessibility and tech sophistication, agents will find ample growth opportunities. But the most impactful industry changes will be driven by big data, security and mobile technologies.
From its earliest days, the business of insurance has been built on the ability to calculate and underwrite risk through data analytics. Improve agency relationships with these three ways.
From its earliest days, the business of insurance has been built on the ability to calculate and underwrite risk through data analytics. Improve agency relationships with these three ways.
Technological advancements were a huge driver of growth in 2012-13 for 77 percent of insurance agencies, with mid-sized agencies growing faster than their small and large counterparts, according to a recent survey by Vertafore conducted at the NetVU (Network of Vertafore Users) conference in March.
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