Advanced insurance technology is already an integral part of the property & casualty industry, for both carriers and insureds. Getting insurance quotes can be as easy as clicking a button, managing coverage can typically be accomplished via a mobile app, and paper insurance cards are mostly a thing of the past.
Insurance technology is poised to mature even more in 2021. Digital insurance offerings and a defined omnichannel approach to customer service is driving the pace of change in the P&C insurance industry. What’s more, insurance companies of all shapes and sizes are searching for evergreen solutions - technology that can scale and update with changing demands and capabilities - to help them stay ahead of competitors.
This blog sheds light on 11 emerging insurance tech trends and how they can help insurers gain a competitive edge.