Changing Role of Advisors in Insurance

| September 15, 2017

article image
The insurance distribution landscape has witnessed significant changes in recent times due to the emergence of digital channels such as mobile apps, and the proliferation of online aggregators. The changes are being driven in part by the technological advancements and evolving customer behaviors and preferences. Moreover, insurers are looking to deliver their products and services in the fastest and most efficient manner possible, by developing newer distribution channels in the online space.

Spotlight

Madison Mutual

Madison Mutual distributes its products exclusively through Independent Agents based in Illinois, Missouri, Indiana and Wisconsin. We currently have over 400 agencies representing us throughout the region with more than 500 licensed producers. Madison Mutual Insurance Company (MMIC) was founded in 1920 as the Madison County Mutual Automobile Insurance Company.

OTHER ARTICLES

How insurance companies are responding to COVID-19

Article | April 13, 2020

Amid COVID-19, banks began offering mortgage deferrals and slashing credit card interest rates in half for cardholders who need relief. Home and auto insurance companies COVID-19 plans are now being released. How will this impact your insurance right now? How can you save on insurance during COVID-19, while making sure to stay protected?

Read More

6 reasons to take out landlord insurance

Article | March 9, 2020

Making the leap from homeowner to property investor comes with a unique set of challenges and opportunities. While many landlords try to minimize their outlay and maximize their return – and understandably so – insurance is the one essential expense you simply can’t afford to scrimp on. It’s so important that you are adequately covered with suitable landlord insurance, so that the following scenarios don’t cripple you financially…

Read More

Claims - the final frontier for insurtechs

Article | March 4, 2020

What is the insurtech difference when it comes to claims? Jonathan Swift mulls on how the Next Generation is starting to figure this out “The claims experience is really critical to our brand and making sure that customers are saying Digital Risks is who I am insured with. Whilst others struggle with that, we want to be a case that if you have a claim it is Digital Risks who you are dealing with.” This sentiment is interesting because there has perhaps been an – incorrect – assumption that insurtechs are really only focused on acquiring customers by making it as simple as possible.

Read More

Why Germany Is Becoming a Global Hotspot for InsurTech Firms

Article | February 25, 2020

For the uninitiated, insurance technology, or InsurTech, is the system of tools and technological innovations that are used to drive improved efficiency compared to older insurance industry models. In 2019, Germany had already begun to position itself as the de-facto hub for InsurTech firms, largely due to the uniquely collaborative nature of InsurTech startups in the country, in combination with extreme interest from international investment firms, which recognize the disruptive potential of many nascent German InsurTechs.

Read More

Spotlight

Madison Mutual

Madison Mutual distributes its products exclusively through Independent Agents based in Illinois, Missouri, Indiana and Wisconsin. We currently have over 400 agencies representing us throughout the region with more than 500 licensed producers. Madison Mutual Insurance Company (MMIC) was founded in 1920 as the Madison County Mutual Automobile Insurance Company.

Events