For smaller or regional insurers, climate change, inflation and rising legal costs, among other factors, have made the current insurance market a difficult place for them to compete against larger competitors. And without scale on their side, smaller players may find it difficult to acquire the level of expertise that the national insurers have.
That’s where a strong partnership can help, says Ryan Bieszard of Hastings Insurance and Ken Davis of BELFOR Franchise Groups Claims Partnership program. They join PropertyCasualty360’s Elana Jefferson to examine some of these challenges as well as point to ways in which competing isn’t such a fruitless endeavor.
In this video, you’ll learn:
– Where smaller firms get a leg up on larger competitors;
– How continuing education is vital to claims professionals; and
– Why a vendor can help fill in expertise gaps for claims professionals.
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