Commercial Lines

Next-gen core platforms are going to rewrite group and voluntary benefits insurance because technology has advanced to the point where it can fill the gaps. 

Many carriers are aggressively expanding their distribution networks, focusing on making themselves easier to do business with.

Carriers must go beyond traditional data sources to minimize the information gap and transform the underwriting of small businesses.

Data pre-fill is the top project area for sales capabilities as it is a critical starting point for achieving straight-through processing.

Shippers must master COVID challenges, apply the learnings from the Suez Canal incident and prepare for cyber and climate threats.

Certificates of insurance are broken. Processes must be transformed to provide the confidence clients deserve in the COIs they need to operate.

Insurance entrepreneurs must provide sophisticated risk management tools to Opportunity Zones to help underserved communities.

It was almost as if someone flipped a switch on Jan. 1, and commercial lines insurance companies began accelerating technology plans.