Agents

Aviation faces significant challenges that are affecting rates and challenges attracting and retaining highly skilled talent.

Munich Re's HSB to offer customers a digitized equipment maintenance platform.

The digital marketplace brings agents, carriers, customers, MGAs and others involved in insurance distribution together.

Core systems that support policy, billing and claims functions have been foundational.

iLife launched 10 months ago as a digital hub for life insurance agents.

Nearly 80% of respondents suggest insurtech has had a positive impact on their agencies.

A digital solutions insurtech with an API platform, Savvy, that compares insurance policies.

Digitization can yield opportunities to provide more personalized experiences.

Agencies are exploring new channel partners in the distribution ecosystem.

A Denver-based insurtech focused on software and tools for compliance and producer management.

Gild Insurance is on a mission to shake up the small business insurance industry with its constantly available online quote-to-bind services.

Automation is well-positioned as a maturing technology that facilitates digital transformation without jeopardizing customer service.

Although almost 60% of employees at agencies are women, only 31% are owners and principals, according to data from The State of Women in Independent Insurance Agencies report, conducted by Liberty Mutual and Safeco Insurance.

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.

The pandemic rollercoaster continues to rattle the insurance industry as we ride into 2022. One of the bright spots for our industry was the acceleration of technological innovation. All the uncertainty and changing consumer habits are fueling substantial changes in how insurance is marketed and sold by independent agencies.

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.

Forty-six percent of consumers are open to pay-per-mile and 45% are interested in a program that rewards safe driving with discounts, according to a Nationwide survey. Yet only 45% of agents offer telematics to a quarter or fewer of customers.

In other news: Liberty Mutual launches insurance agency; Neptune Flood releases carbon-neutral plan; New York Life announces CEO-elect.

Five strategies that insurers can use to cut friction from the customer journey as they work towards digitally transforming their business.

In other news: Algorithm calculates number of good health years; Hiro rebrands to Locket; Alliant launches diversity initiative.