MGAs are on the rise and are here to stay. These nimble, specialized insurers are unencumbered by the legacy technology decisions of traditional carriers.
Inflation caused a 16% rise in Workers Comp claims costs in 2021. With Work Comp's long tail for claims, this increase could have a significant impact.
Customer Satisfaction for Small Commercial Insurance has rebounded from the pandemic lowpoint. The top performers were StateFarm, Chubb, and Nationwide.
In a recent survey, 40% of executives said their top concern was cyberattacks. With the demand for cyber insurance on the rise, this is an exciting time to watch cyber coverage evolve!
62% of all P&C policies are placed by independent agents, according to the Big I 2022 Report. Carrier system upgrades are key to meeting expectations and staying connected...
With the recent launch of Dais 3.0, our platform has evolved into the first true operating system for insurance, opening up incredible new opportunities for every insurer on the platform.
Digitization began later for insurance than other industries. Those who are ahead of the curve are gaining advantages in risk analysis, customer experience, and proactive customer support.
In development for over a year and in testing for the last 3 months, Dais 3.0 launched today–turning the Dais platform into the first ever full operating system for insurance.
Deloitte's research shows that it takes 12-18 months to launch a new insurance product. This is costing insurers dearly, but the good news is that the industry is modernizing product development.
Slow innovation means inflation is having a significant impact—speed is a major challenge as products can take up to 2 years to hit the market.