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Agents who use both systems will be able to sell more products directly to consumers via the Dais digital storefronts, which are configurable, consumer-friendly online sales experiences that can be personalized for targeted markets and distributed through online marketing and embedded insurance partnerships.
Customer experience is everything in claims, and using AI to make the process easier and faster for the customer will lead to improvements in overall customer satisfaction.
Traditional insurance has many issues, and the money flowing into Insurtechs is evidence of the huge growth possible for companies that solve those issues.
Technology isn’t the only tool available when we look at complex problems, such as personal lines, and behavioral economics is another way we can help solve industry problems.
Insurance right now can be difficult to sell, and there are a lot of different approaches to fixing this problem. It’s exciting to see all of the energy around MGAs, as they are one of the ways we can make insurance more accessible.
This is the biggest quarter for investment in Insurtech we’ve ever seen. There’s a big need for modernization in the insurance industry and a massive opportunity for those who do it well.
Covid exposed just how unprepared most construction companies were for a big disruption. Now that they’ve made changes to their insurance coverage, many in the industry are worried about having the right insurance for their business.
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