How the InsurTech Distribution Problem can be solved .

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HOW TO SOLVE THE INSURTECH DISTRIBUTION PROBLEM?
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WHAT HAS CHANGED
WITH THE DISTRIBUTION?
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The majority of insurance is distributed across
regions and business lines via physical sales
staff and intermediaries. Even though some
clients have moved their business online during
the past ten years, these channels continue to
be the principal ones for life, commercial, and
personal lines property and casualty. However,
the distribution of insurance is being
dramatically and immediately impacted by the
continuous physical distance.
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THE NEED FOR A
HUMAN CONNECTION
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Human interaction is crucial in the insurance
sector. The first step in satisfying each
customer's coverage requirements is a personal
relationship. Customers and agents can engage in
discussions that foster trust and provide a
sense of personal connection. How can D2C InsurTe
ch companies provide this to their clients? By
collaborating with qualified specialists in the
sector like TransformHub.
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WHAT THE FUTURE
HOLDS FOR INSURTECH
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InsurTechs may naturally take the next step to
capture higher economics and continue to enhance
the product if they have significant revenue and
traction. Over time, many insured techs will
change. Getting into the market and
demonstrating your distribution skills by
becoming a broker might be a cost- effective
strategy. Product development and a digital
acquisition strategy are essential for InsurTech
brokers.
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INSURTECHS AND AGENTS ARE MORE POWERFUL TOGETHER
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When InsurTechs and agents collaborate to maximize
each customer's coverage, the future of
insurance is the most promising. Together, they
can maintain their competitiveness in a market
that is always evolving. Some industry watchers
see agents as the history of the insurance
business and D2C InsurTechs as its present.
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GET IN TOUCH WITH US
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