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Although insurers are investing in resources to help traditional agents, many also are increasing funding in direct online sales.
Most insurance consumers continue to opt for basic, standard policies from carriers already familiar to them.
Total InsurTech investment in the first three quarters of 2020 appears as robust as last year's record levels.
Many companies are accelerating their digitization efforts. These sudden shifts compound cybersecurity issues.
Personal auto net written premiums may have dropped by as much as 11.4% between the first and second quarters of 2020.
Absent a miraculous economic recovery, workers' comp premiums written may not return to pre-pandemic levels until 2023.
The past few months have shown that insurers can be remarkably flexible and imaginative.
Insurers may need to reconsider the product's design, pricing and marketing strategy to get their distribution force more enthusiastically on board.
Extreme climate exposures have captured the attention of insurance clients and global business leaders.
The insurance industry's data windfall not only bestowed an incredible bounty, it also raised red flags.