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Root Insurance Company the Insurtech auto carrier just closed another round of financing @ $350M, bringing their total raised to $527M. 2018 premiums were $106M according to S&P Global. What does this mean for an incumbent #carrier? Watch the video to see a #Bull and #Bear take on their success....
I recently wrote an article about how Insurance Agents can benefit from the Insurtech Ecosystem. The Insurance agent or broker should look to partner with appropriate Insurtechs, thus bringing their insurance industry enhancements into their Agency and giving them a competitive advantage. You can read more @IndAgent: Could insurtech startups be...
An interesting article on myinsuranceshark.com about why predicting legacy insurance carrier demise at the hands of insurtechs is wrong. [caption id="attachment_602" align="alignright" width="250"] The demise of legacy carriers is overrated[/caption] They posit that these predictions don't take into account game theory like behavior such as what the incumbent legacy carriers...
Effective customer relationship management (CRM) is key to successful business, especially when it comes to smaller insurance carriers where the focus is on the client relationship. No matter the carrier size, speed, efficiency and effective delivery are the keys to running a successful insurance business. However, in reality, the smaller...