Emerging stronger after the pandemic with InsurTech

Oct 23, 2020 | News and Events

insurance agent office table with laptop, planner, mug, and small model of house

Embracing InsurTech promises insurers not only the opportunity to stabilize from the global health crisis, but also reimagine their insurance offerings for a post-pandemic world. 

Read Full Insurance News Article Here

Just as the world is grappling with how to deal with coronavirus, providers need to rethink the role of insurance and shift from reaction to prevention. Today, the business model for insurance revolves around retention — and fairer, tech-powered pricing models are the new retention strategy. That means using broad data capabilities, telematics, technology partners, and more to provide more preventive safety resources along with peace of mind for policyholders.

By doing so, insurers can reframe the conversation and create a new category for insurance that not only provides safe harbor but actually helps make the world a safer place.

DISCLAIMER: Please note that some of Advantage Insurance Solutions’ articles may have affiliate links from the Amazon Associates Program, with no additional charge to the reader. Before we publish a review, we utilize and evaluate the products we recommend. In addition to the products we’ve personally tested, we’ve received recommendations from many of our readers. That said, we want to make sure it is clear that if you use our links to purchase something, we will receive a small compensation from it. Thank you.