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Majority of Insurers Plan to Up Their Digital Transformation Spend in 2021
2021 is set to be a year that no one forgets, with COVID-19 forcing disruption on every business, industry and person on the planet. The insurance industry received one of the most significant blows ...
Remember the Browser Wars? Surety Carriers Are in Platform Wars
In the early days of the Internet in the late 1990s, Netscape Navigator, Microsoft's Internet Explorer and other Internet browsers tried to grab market share in an emerging market. The choice of a ...
How to Achieve True Digital Transformation in Insurance
Over the last several years, businesses across all industries have been busy implementing digital strategies and fundamentally changing how they operate and deliver value to customers. Yet, digital ...
Partner vs. Vendor: A Distinction That Matters When Working With Startups
It's hard to ignore the energy and attention that InsurTech startups have brought to our industry over the last several years. And with that energy, more insurance carriers and MGAs looking for a ...
P/C InsurTech Funding Reaches $4.7B Record In 2020 (Story In Charts)
After a slow start in 2020, InsurTech funding reached a record level of $7.1 billion for the year, with $4.7 billion earmarked for property/casualty startups, according to a quarterly tracker of ...
Carriers Will Gain Plenty in 2021 by Tackling Their Tech Challenges
As we headed into 2020, and prior to the impact that resulted from the pandemic, many carriers had made investments to digitize. But amid many business priorities is where digital transformation ...
Breaking The Silence: A Black InsurTech Founder’s Story
As the founder of a data and analytics InsurTech focused on the commercial auto insurance space, I knew fundraising would be a challenge. Commercial auto insurance has been unprofitable for years, ...
Insurance Today and Tomorrow: A Deep Dive Into RPA, AI and Blockchain
Carriers will find themselves facing another series of unprecedented challenges heading into 2021. S&P predicted in July that the U.S. P/C industry will see a 100.7 combined ratio in 2020, ...