Digital Transformation

Luis Pino began to see the pain points in insurance industry operations. He believed that agencies needed better technology. Pino used that idea to launch Agentero, a digital insurance network.

Over half or 62%, of insurers, say they will invest in risk management over the next year, with 55% saying they’ll invest in customer and employee data protection, according to the FIS’ 2021 Readiness Report.

In other news: Nexar partners with New York’s Black Car Fund and Hannover Re collaborates with ExamOne.

The data and decision-making insights gathered from IoT devices have been revolutionary for insurers, and the potential of this technology is just starting to be realized.

Pet insurers are using the same tools as other insurtechs to meet the needs of pet owners.

The pandemic didn't stop insurers from wanting to invest heavily in digital capabilities, Deloitte survey finds.

Insurers could see retention rates drop if they neglect to defend existing revenues through product and distribution innovation.

New technologies are expected to fundamentally change how insurance is distributed, but alongside this redefinition of roles comes an accompanying talent crisis.

To remain relevant, empower the team, and drive company goals, the actuarial workforce and business operating model needs modernization.