InsurTech Will Revolutionize Inland Marine by Cutting Costs for Customers, Carriers

March 29, 2019 by Dave Higley

InsurTech advances will soon drive down unacceptably high expense ratios in the inland marine sector, making it possible to insure even hard-to-place small or one-off inland marine risks at the best possible rates.

Carriers and brokers are building Internet-based underwriting tools that can make this a reality by combining big data, instant analytics and the artificial intelligence of powerful algorithms.