Manual, time-consuming processes that often lack ‌transparency among involved parties‌ drive inefficiencies. Blockchain technology could be the singular backend solution. (Credit: Chan2545/Adobe Stock) Manual, time-consuming processes that often lack ‌transparency among involved parties‌ drive inefficiencies. Blockchain technology could be the singular backend solution. (Credit: Chan2545/Adobe Stock)

Today’s property insurance industry stands at a crossroads. Process inefficiencies and the growing threat of fraud are making current business models increasingly unsustainable. And external developments like the extreme weather conditions caused by global warming are complicating matters even further.

Insurance agents are trying to adjust, but as they work to adopt new tools that promise greater efficiencies, they’re ultimately left shuffling between disjointed systems that only complicate their processes. Policyholders bear the brunt of this inefficiency by experiencing delays, disputes and rising costs.


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