4 Key Takeaways from This Week's Insurance Technology Research

It was a big week for surveys of insurance technologists. Here are some of the most interesting insights researchers gleaned, including e-commerce’s ascendance and regulatory concerns.
June 28, 2013


1. Commercial Lines Going Direct?

Novarica's "Direct Online Small Commercial Insurance: Preparing for the Inevitable" survey found that the share of small commercial coverage bought online has increased over the past two years.

"The market is increasingly open to the online channel and responsive to messages of convenience and price," wrote report author and Novarica managing director Matt Josefowicz. "What the small commercial market lacks is billions of dollars in advertising spending to change the mass-market idea of the product. But that’s only a matter of money and time. One or two highly motivated, highly capitalized new entrants could change that very quickly, building on the work already done in personal lines."

Read more: "Are Insurers Ready for Technological Disruption?"

Insurance & Technology encourages readers to engage in spirited, healthy debate, including taking us to task. However, Insurance & Technology moderates all comments posted to our site, and reserves the right to modify or remove any content that it determines to be derogatory, offensive, inflammatory, vulgar, irrelevant/off-topic, racist or obvious marketing/SPAM. Insurance & Technology further reserves the right to disable the profile of any commenter participating in said activities.

 
Disqus Tips To upload an avatar photo, first complete your Disqus profile. | Please read our commenting policy.
 

< Previous 1 2 3 4 5 Next >