Underwriters, however, remain wary about the potential impact of climate-driven disasters.
The previous record of 1,862 compromises was set in 2021, the Identity Theft Resource Center reports. This year has seen more than 2,100 data-compromise events with three months to go.
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To Be or Not To Be -- AI Ready
As AI technologies continue to mature and use cases expand, insurers should not shy away from the technology. The question you should ask is: do you want to face a competitor like this? Or do you want to be enjoying all the associated benefits of above-trend growth? Download this article and learn how to be among the first insurers to seize this substantial competitive advantage--before the opportunity for first-mover advantage disappears!
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Closing the Gaps: Expanding Your Technology Ecosystem
The right strategic approach to technology ecosystems brings competitive advantages to forward-looking insurers -- including small and mid-sized carriers, regional players, and start-up MGAs. Starting with a solid core system strategy, learn how to creatively leverage third-party applications to enhance customer and agent experiences, enable automation, predictive risk modeling, and more.
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