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The report found that when it comes to carrier considerations, agents place specialty business directly with carriers about half of the time. The remainder of the time, they may leverage wholesalers, managing general agents (MGAs) or managing general underwriters (MGU) to increase market accessibility or expertise with certain products. (Credit: Rawpixel Ltd./stock.adobe.com)
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To Be or Not To Be -- AI Ready
As AI technologies continue to mature and use cases expand, insurers should not shy away from the technology. The question you should ask is: do you want to face a competitor like this? Or do you want to be enjoying all the associated benefits of above-trend growth? Download this article and learn how to be among the first insurers to seize this substantial competitive advantage--before the opportunity for first-mover advantage disappears!
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Generic AI, machine learning and cognitive AI have been groundbreaking technological discoveries in recent years. Most of the time these technologies are assumed to be the same; however, they have unique functionalities. Download this eBook to learn how each impacts commercial insurance underwriting.
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