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Myth or Reality? The Pandemic Signals the End of Agents

January 15 2021 | Mark Breading

With each new wave of technology over the past few decades, there have been many predictions that this is the end of agent distribution. You know the drill: “Technology can be so much more efficient and remove all that expense related to those human distributors.” I can remember back to...

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InsurTech 2020: Has the Pandemic Changed the Trajectory?

January 05 2021 | Mark Breading

Right before the pandemic hit, I published a blog that reflected on the first decade of the InsurTech movement and made predictions for the decade starting with 2020. Little did I know that the world was about to plunge into chaos and fundamental change due to the global pandemic. My predictions on InsurTech through 2030 were based on my involvement in the...

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P&C Personal Lines in 2021: How Are Insurer Strategies Changing?

December 17 2020 | Mark Breading

Individuals with strategy and planning roles have had a busy time in 2020 adapting to the evolving realities of the pandemic and economic uncertainties. 2021 is likely to be more of the same for people in these roles. Entering into 2020, personal lines insurers were on a transformation path.

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P&C Commercial Lines in 2021: Innovation or Optimization?

December 04 2020 | Mark Breading

The unexpected, unprecedented events of 2020 have turned the world upside down. Like every business sector, commercial lines insurance has had to adapt and adjust throughout the year. Many commercial lines insurers have experienced significant financial hits from the pandemic due to increased claims, lower business volumes, and the decreasing...

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P&C Claims: 4 Themes for the Future

November 20 2020 | Mark Breading

Property and casualty claims is already one of the most dynamic, exciting, and important areas of the insurance business. Whether we are considering personal or commercial lines, or the auto, property, or casualty/medical areas, there is a lot going on.

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P&C Distribution: Everything Old is New Again

November 16 2020 | Mark Breading

There is a great deal of activity afoot in the P&C distribution space. New models are being explored. Old models are being upgraded for the digital era. In a recent SMA research report, I identified eight different models or options for insurers to consider.

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P&C Distribution: Blending Traditional and New Models

November 03 2020 | Mark Breading

A great deal of activity is underway by insurers investigating or implementing new distribution channels. For every line of business across P&C, there are compelling reasons to expand distribution beyond the tried and true channels. This is not to say that agent/broker channels or the direct distribution models are less...

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Which AI Technologies Are Most Valuable for P&C Personal Lines?

October 22 2020 | Mark Breading

Artificial intelligence technologies are everywhere. The great leap forward in AI over the past decade has come along with an explosion of new tech companies, AI deployment across almost every industry sector, and AI capabilities behind the scenes in billions of intelligent devices around the world.

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P&C Insurers Shift Course as the Pandemic Continues

October 07 2020 | Mark Breading

When will the COVID-19 pandemic end? Will it end? P&C insurers, like all other business sectors, are faced with a time of unprecedented uncertainty. There are always multiple external factors to consider when developing strategies and adjusting ongoing plans.

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Reflections on InsurTech and the Pandemic

September 21 2020 | Mark Breading

Much has already been written about the implications of the pandemic, the related economic activity, and how they will affect the InsurTech movement. As usual, there are a wide range of opinions. Will InsurTech be one of the casualties of COVID-19? Or will the dramatic change to work and life...

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