A well-timed prank on April Fools' Day can bring plenty of laughs. But what's far less funny is the way some carriers, brokers and MGAs have been fooled in the past by technology solution providers that overpromised and underdelivered.
You can't blame well-intentioned IT leaders for their widespread skepticism. Too many have fallen victim to "tricksters" who sold them on seemingly simple solutions that in reality were complex to implement, carried numerous hidden costs, and left them powerless to extract and use their own data.
While nobody likes to feel like a fool, there is an upside to these past experiences: Today, carriers, brokers and MGAs better know how to steer away from hoaxes and choose modern insurtech solutions that will fit their business goals and provide a more realistic ROI.
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