Insurance carriers and agents continue to increase investment in technologies facilitating the independent agent distribution channel despite the recent economic slowdown in the U.S., according to a survey conducted by IVANS Inc.

Ninety-three percent of 341 independent agents surveyed believe that real-time technology is critical to gaining a competitive edge in this economy. Fifty-nine percent of agents will continue to invest in information technology at current levels, while nearly 14 percent are increasing their spending. Agents report seeing similar investment patterns by insurance carriers. IVANS predicts real-time transactions will double by the end of the year.

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

 

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2022 ALM Global, LLC. All Rights Reserved.