When the FCA’s Fair Value reforms came into effect in January this year, the impact was, and still is, far reaching – much more so than many realised. However, the emphasis on brokers to show that they are providing Fair Value to customers is actually proving to be a benefit to some.
In a previous post, we looked at how automated workflows can transform your insurance business, which included a review of how insurance organisations can keep up with customer expectations while improving their team’s efficiency, effectiveness, and satisfaction.
The insurance industry is growing more complex all the time, but here’s a principle that’s not likely to change: if you keep your clients and your team happy, you’ll stand out from your competitors.
It’s a 24/7 digital world, where consumers are used to ordering everything online, from flights to shoes to food. The pandemic accelerated this trend, with McKinsey in 2020 stating that the business world had “vaulted five years forward in consumer and business digital adoption in a matter of eight weeks.”
Against this backdrop, many insurance brokers in the market have recognised the need to increase the digitalisation of their businesses, citing their desire to improve customer service. That’s according to the recent Broker Barometer research from Aviva.
International Womens Day was March 8, 2022. This years International Womens Day theme was Gender equality for a sustainable tomorrow. People across the globe celebrated women’s social, economic, cultural, and political achievements. Continue reading “Celebrating the Women of Insurtech”
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.
For the majority of the audience, #TINtech London was the first f2f event in a couple of years. For me, Ive spent many years communicating from behind my screen (nothing to do with the pandemic, I may add. Im just an introvert whose day job didnt require me to actually meet with real humans in the flesh), so this was my first in-person event for several years.
From contingency Brexit plans, to the emergence ofnon insurance players, 2019 has been another disruptive and exciting year for the insurance industry. Here, the Novidea team takes a look back over the last 12 months to share their key takeaways.
Brokers are missing out on operational efficiency, the ability to base business decisions on fact, visibility and transparency across the entire business, and antiquated technology is not making it any easier.