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Part 3 of 4: Agencies are now more likely to compete for talented recruits than for clients and prospects.
A recent survey from Prudential finds that employees are putting a lot more emphasis on non-health benefits.
Furthermore, nearly half of the insurance agents in the survey said providing the level of service customers demand is a challenge.
Now is the time to consider full-scale adoption of UBI to help combat the unexpected, create customer transparency, and reduce carrier expenses.
Concerns about loss emergence is driving the U.S. P&C industry 'to find religion once again on pricing,' says S&P.
Now is an opportune time for P&C agents to generate business in this unique segment.
Two key themes will define the narrative on industry change in 2020: digital transformation and group market benefits.
Just over half of today's insurance carriers, regardless of size or type, are pursuing a disruptive innovation approach called 'greenfield.'
The life settlement market is expected to continue its growth in 2020, offering new business opportunities for P&C agents and brokers.
The emergence of risktech from InsurTech was inevitable when the money that has flowed into InsurTech is examined.
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