Decreased profits can stem from a lack of granular, accurate information about potential hazards and exposure to loss at each insured location.
The insurance policy phrase "direct physical loss of or damage to" has been in the news the past few years thanks to BI cases stemming from the pandemic.
Around one-third of risk management experts say cyber is the biggest risk. Business interruption followed closely behind.
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The customer experience has become a primary driver for both attracting new customers and retaining existing policyholders. As the customer experience becomes entirely digital, this is where insurance providers need to differentiate themselves from the pack. Discover how carriers can sell more online, improve servicing speed and satisfaction, and empower agents to place more business.
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