Digital distribution

Property and auto insurance shopping levels finished 2021 lower than any point in 2020, the company reports.

COVID-19 has accelerated some trends that look certain to reshape the insurance industry. At the same time, some of the problems that have challenged the industry over the past decade have not gone away. In a new report, McKinsey examines actions insurers can take to address the challenges of this period of intense flux.

Technology investment is showing no signs of slowing down, M&A continues at a torrid pace and the composition of the independent channel is shifting with generational changes. One thing remains certain: the independent channel has a lot to look forward to in the coming year.

Insurance companies create curated collections of services to keep customers and win over new ones.

The insurer, part of Munich Re, says agents can now upload ACORD data directly from their management systems and the information interacts with HSB to provide an instant rate and quote.

Outdoorsy had a problem: Its customers were taking more risk than necessary every time they lent out their vehicles.

Inside the company's online-only launch of a bundle including usage-based auto insurance, ID theft coverage and homeowners.

But which Bob Dylan song best sums up the strategic shift?

Brokerage plans to go full-stack following funding infusion.

Insurtech’s comparison platform will offer alternative carriers in places Nationwide doesn’t provide coverage.

And traditional insurers should adapt to the larger addressable market.

The white-label product is a first for the insurtech in the embedded-insurance space.

The customer experience is now priority No. 1, and P&C insurers are focusing on making the purchase, use, and renewal of retail lines simpler, faster, and more personal.

A spike in applications during 2020 will require aggressive digitalization to continue.

MassMutual-owned Haven taps startup to bolster distribution.

Chubb has kicked off a new brand to offer coverage to digital natives at opportune times.

Commercial insurance distribution platform is co-founded by At-Bay veterans.

During a time when consumers are driving less and auto insurers are offering credits, refunds and more, auto companies must be able to go beyond flat demographics.

Claims costs went up despite fewer miles driven, and other surprising results.

Embedded insurance solutions have become a key strategy that both insurance carriers and brands are turning to in order to stay competitive.