Videos
6th June 2023
It’s nearly 20 years since statutory regulation of general insurance placed the acronym TOBA into everyday insurance talk. Agency application processes have developed little in that time, with brokers still reporting that their onboarding journeys with suppliers are slow, repetitive and leave business opportunities missed. Many MGAs limit the number of brokers they trade with, simply because of the drama associated with opening an agency! With online bank account opening, mobile onboarding, e-signatures, and pre-filled forms we ask… How can MGAs use tech to rapidly find, engage, sign and trade with new producers in an on demand, global, digital marketplace?
Learning Objectives:
At the end of this session, delegates will be able to:
• List time to market challenges and outline where MGAs can get an edge
• Describe current practices and explain how they can change
• Summarise how data and technology can transform the experience
• Outline a ‘customer first’ model and process that is fast, effective and compliant.
Panel discussion on the insurance industry's reluctant adoption of digitisation, what the sector needs to address, the barriers to accelerating digitisation in the insurance market, and as we look to the future, how can technology providers show the importance of tech solution adoption in the market.
Exploratory insights on the challenges facing the insurance world...
According to professional services firm PricewaterhouseCoopers (PWC), the three biggest concerns for insurers worldwide are crime, regulation and technology...
