By now we’re all well aware of the enormous impact the pandemic is having on the U.S. society and economy. So it’s no surprise that the SME insurance market has been affected as well – let’s dive right in on the details, shall we?
These are exciting times for technology innovation in the insurance industry. Giant investments are being made and start-up tech firms focused on our industry are sprouting up every day.
It would take more than my fingers and toes to count the number of times I’ve said, “The insurance industry is a slow adopter of technology” in the past 20 year. It’s particularly true in E&S, but with the emergence of InsurTech that’s starting to change!
For insurance agencies, premium financing represents an opportunity to deliver to their insureds a higher level of client service while still maintaining their own revenue flow.