The nascent technology is transforming how people buy and trade digital art. But does this fad have staying power in the industry or is it just too risky?
What value can be added to the industry when brokers and technology collide? BrokerTech Ventures is at that crossroads, funneling innovation into insurance.
For carriers looking to improve their identity verification ability, one-time passwords and password-free authentication are additional layers that can be added to the multi-factor authentication solutions that they’re likely already using.
A Nationwide survey confirmed that business owner customers want a fast and easy experience and prefer to work with knowledgeable agents and insurers while benefiting from the tech advances aiding claims.
Predicting some specific risks such as ransomware or climate change disruptions may be easier than others and regulators are expecting companies to show they are prepared for them.
The four issues they were most excited about were new products and services; automation and the use of AI for improving underwriting performance; new data sources; and ESG considerations.