The future leaders in the insurtech space are starting to pull ahead of the pack through shrewd decision-making and stout leadership.

Here are six things to consider when deciding whether to arbitrate a claim.

"If there's a direct-hit Category 5 storm that hits Miami, you're going to see 20 insurance companies go bankrupt and are not going to be able to pay claims. It's become a big problem," said South Florida insurance broker Joseph Gendelman.