Should you be afraid of insurtech?
There are two things about insurance we know for sure right now: insurtech is here to stay and help innovate the industry, and there are still agencies that are resistant to adopting insurtech. This resistance from agencies seems to stem from the fear of the initial goal of insurtechs; originally thought to be removing […]
What is insurtech?
Insurance companies have been around for hundreds of years and are highly regulated; these regulatory barriers limited competition to some extent, and because of this, there was no immediate imperative to modernize technology. Insurance companies that have been around for a long time have technology that is old, otherwise known as Legacy Technology. Agents […]