Today’s insurers are experiencing a tough set of challenges and are constantly battling to ensure they remain profitable.
As industry boundaries become more and more blurred and the balance of power continues to be moved further towards the customer, traditional cost reduction measures are no longer good enough to maintain financial stability.
Complex simply doesn’t cover it. The insurance market is more challenging than ever. The continued soft commercial lines market, the dominance of aggregators in personal lines, changing models of distribution, pricing and underwriting: they all contribute to an atmosphere of intense competition and elusive opportunity.
Underwriting agents have been at the forefront of this new competition, building up fast, responsive businesses that can fill the gaps left by those who are less agile.