Digital distribution

The Agents Council for Technology says that insurance agents and carriers must figure out how to revamp their processes to reflect several technologies.

In a position paper released this week, insurers laid out changes by Republicans they’d be willing to accept.

Volkswagen’s namesake brand has outlined plans to establish a platform dubbed “We,” that could be used by 80 million customers by 2025.

The Justice Department argues the deal would eliminate competition between the insurers and force seniors to pay higher premiums for Medicare.

Although access to markets is more readily available, consumers still seek advice and guidance from agents before making policy decisions.

Health insurers and hospitals have shifted their businesses over the last half-decade to adjust to the Affordable Care Act, and they’re warning against any sudden moves that could hurt patients, or their businesses.

There will always be a place for independent agents, but carriers will move forward with those that can leverage technology to provide ongoing value.

The number of insurance agents in some of Asia’s most developed markets could halve over the next three years as digital picks up.

Blockchain is likely to play a major role in the reshaping of insurance, but many carriers are still in learning mode.

Trov enables users to insure personal items using their mobile phones for the duration they choose.