Topics in the News
2/07/2017 Are Uber and Airbnb Beating Insurers?
01/13/2017 Cyber regulations for insurers
Consolidation is taking our industry by storm, happening at all levels (retail agencies, wholesalers, carriers, and reinsurers). How can the independently-owned wholesaler continue to remain relevant? What role with the large national MGA's have as they continue to acquire the smaller independent agencies? Does this create new opportunity or will the business be dominated by a few large markets?
Big Data & Analytics
Wholesalers are sitting on large amounts of data and need the ability to fully analyze it and act upon it. However, technological solutions are either out of reach of the wholesaler, aren’t able to interact with legacy systems, or do not provide the features that wholesalers need. (Updated 2/21/2017)
Increasing Challenges in Workforce Dynamics
A large segment of the workforce is approaching retirement in the near future and there is a gap in attracting and retaining new talent and transferring institutional knowledge and expertise. There are also increasing challenges in managing the multi-generation workforce and promoting diversity throughout all levels of the organization.(Updated 10/3/2016)
Seamless End-User Technology Experience
A seamless user experience allows a single input of data for the entire risk process and a "frictionless environment" to conduct business anywhere with any device. Younger generations will expect this capability to be available, but many wholesalers are not prepared to provide it. (Updated 6/16/2016)
Global Climate Change
Climate change and the increasing frequency and severity of weather-related events is causing the global insurance industry to take a more proactive approach to risk management and financial impacts. Meanwhile, sustainability has become embedded in society and defines company culture, business decisions, and corporate reputations. (Updated 1/19/2017)
HYDRAULIC FRACTURING (FRACKING) – Impacts on the Industry
Hydraulic fracturing, or fracking, uses pressurized water, chemicals, and sand to break apart shale rock and release natural gas. Concerns include the impact on the environment, the availability of
product, the impact on insurers, potential coverage gaps and dealing with regulators. (Updated 10/16/2016)