The convergence of banking, brokerage and insurance provides a golden opportunity for insurers to broaden their share of customers' wallets.In June's Cover Story, insurance industry experts discussed the need to develop and purchase technology to support target marketing campaigns. Insurers also are aware that they will need to integrate back-end systems to support banking and brokerage transactions. But a majority of respondents to our poll believe that they will not have the proper tools to successfully integrate banking, brokerage and insurance services. We thank those readers who responded to the survey and invite others to respond to this month's poll at www.insurancenetworking.com.
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The top five insurance companies have an average P&C market share of 6.50% as of December 31, 2023.
16m ago -
Lloyd's appointed Dawn Miller as chief commercial officer, and CEO of Lloyd's Americas; plus more career moves.
April 22 -
Greater exposure to climate risks is driving an increase in insurance premiums and decrease in insurance availability.
April 22 -
Capgemini Research Institute's World Property and Casualty Insurance Report 2024 indicates insurance executives see the potential benefits of AI and ML but underwriters are concerned about overcomplexity and data integrity.
April 21 -
Laws against inducements and referral fees are among the obstacles for carriers looking to distribute coverage by embedding it in other channels.
April 21 -
The two companies, units of Japan-based Tokio Marine Holdings Inc., said the decision will affect 12,556 policies with premiums of $11.3 million.
April 19