Depending on which experts and futurists you believe, were either hurtling toward a recession or witnessing a post-pandemic market correction. Some are even saying the recession is already here. The insurance industry is all about mitigating risk, and preparing for an economic downturn is no different. Smart, independent agencies and MGAs should plan their strategies now for navigating the potentially rough waters ahead. Whether the recession is protracted or a short dip, agents and brokers can make many pre-emptive operational changes over the next few months to keep them well-positioned and even strengthen their bottom lines.
Combining face-to-face and digital interactions.
The concept of remote work may seem like old news to some, but for the insurance sector, which has been slower to adapt to change, adapting to a remote model was a monumental undertaking.
What can independent insurance agencies, MGAs, and brokers learn from this $500 million M&A deal between two insurtech giants?
Novideas Eric Ayala, SVP Americas breaks it down.