Although the data may indicate a difference in risk, adjusting ratings based on that data could increase the level of scrutiny of whether that differentiation is acceptable.

Many national carriers are transitioning away from the captive agent model and creating their own independent agencies…

Embedded insurance is already out in the wild, benefiting both insurers and financial companies, and the opportunity is massive for anyone who can get in. And while regulations are coming into play, people are taking on those challenges because embedded insurance presents such a valuable opportunity.

“With Dais’ simple quote to issue platform, agents enjoy an excellent user experience and take advantage of rich API (application programming interface) functionality through the product lifecycle.”

Pilots are just one of the more visible examples of the effect of breaks and reduced hours during COVID. The workplace and experience changes triggered by the pandemic are a problem for all kinds of employees, from truck drivers and forklift operators to surgeons and accountants. There’s a high likelihood that human error will be greater as we return to normal.

In McKinsey’s latest report on insurance, they explore the 5 trends that will have an industry-shifting impact on insurance. These advances represent a significant opportunity—as we’ve seen with recent insurtech funding—but the changes also pose an existential threat for insurers that are slow to adapt.

According to a recent survey by Celent, carriers are viewing agency portals (and the agency experience overall) as key growth drivers. 94% of carriers surveyed aim to have an above-average or world-class agency experience, and 65% rate their current experience as average.

With around 50% of customers willing to consider coverage from new insurers, the recent influx of capital for insurtech startups represents a real challenge for traditional insurers…