BigTech firms take measured steps toward the insurance sector

CASSIDY SHANE | August 23, 2018

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A key advantage BigTech firms have over existing insurance players is easy to access to a wide range of personal and behavioral customer data. Based on this data, they have built ecosystems that personalize services and enable customers to experience new, value-added services. Such ecosystems also help BigTech firms lock customers in for new services. By serving customers in diverse ways, BigTech firms are revolutionizing the way business is handled. Unrestricted by legacy and outdated techniques, they are agile and can respond quickly to changes in markets and customer expectations. Cloud-based systems form the backbone that supports the high-scale operations of these tech giants while keeping customer-centricity and operational efficiencies at the core of their businesses.

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Risk Strategies Company

Risk Strategies is a fast-growing, privately-held, national specialty insurance brokerage and risk management advisor. We help organizations and individuals simplify the process of protecting assets, offering benefits and minimizing liability. With over 50 offices in 37 states, we thrive on our passion to grow both organically and through strategic acquisitions.

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Spotlight

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