Revolution is in the air. Amidst a backdrop of unprecedented challenges, with some insurers facing their toughest year of losses, the insurance industry stands on the brink of a transformative era. This shift, fueled by rapidly evolving AI technologies, promises a revolution in processes and...
Change isn’t a new phenomenon for the insurance industry. The introduction of technology alone has led to significant transformations. But with the integration of AI in the insurance industry, the rate of change has only accelerated. Carriers, both large and small, have witnessed how AI can...
Bill Suneson, Co-Founder & CEO, Bindable You may have heard the expression, “when you are a hammer, everything is a nail,” and, for a long time, that sentiment has summed up insurance technology. The industry has traditionally funneled customers into a purchase flow that prioritized the...
The following is one of four articles in a series about pioneers in the affinity insurance market who are looking to the future through the lens of the past. Learn how they got started and their vision for the future of the affinity insurance sector: About Pearl Companies Jack Pearl founded...
The fundamental principle of the insurance and financial services sector has long been protection from risk — and that still holds true. What has changed is risk itself, with new types of loss or damages emerging almost daily. Fortunately, new insurance models and products are entering the...
Historically, time to market for new insurance products has been slow. Operational silos, complicated infrastructures, and legacy processes all contribute to delays — and, as such, can be corrected internally to minimize friction points. However, what can’t be easily corrected is the overall ...
The affinity market has historically been a thriving sector of the insurance industry — an uncomplicated, easily understandable model consistently meeting customer needs. As time has gone on, however, it has evolved into a more transactional process. If it weren’t for new insurance models and...
Risk and Trust in the Affinity Insurance Market: Always Present, Always Changing You’ll find few constants in insurance. However, two themes will never wane: risk and trust. Risk is ever present, and people will always require protection from the unexpected, while trust is necessary to the...
Partnerships are nothing new. Companies have long turned to other businesses to increase brand awareness, gain access to new customers, and enter new markets. It’s simply a strategic means of expanding an organization’s reach. When one company partners with another, leveraging its brand and...