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As of May 2019, the median annual wage for an employee working in technology was $88,240.

While COVID-19 was mentioned, risk professionals surveyed by Deloitte rated other top risk concerns much higher.

For insurers, better understanding their data provides more significant competitive advantages.

Cybercrime is expected to have a worldwide cost of $6 trillion in damages this year.

Insurance technology news from Sapiens, Bold Penguin, GloveBox and more.

In the last year alone, natural disasters in the U.S. created $22 billion in damages, NOAA reports.

Although insurers are investing in resources to help traditional agents, many also are increasing funding in direct online sales.

Here are the challenges insurance incumbents face in securing the tools needed to better keep up with our changing world.