We’ve all read the industry publications about the rise of the Insurtechs and the legacy direct writers continuing to gain market share as they continue to commoditize all but the large and middle markets of commercial lines insurance. Personal lines which include home, auto, life and health insurance, along with small commercial, continues to move … Read more
While on my insurance safari, Rob Galbraith spoke with Nick Lamparelli about some major themes in his book.Then he opened to the audience for any questions.
During audience participation, Dan Findley of the Andover Companies showed that even carriers that have centuries of experience are looking to the future when he asked Rob:
What should incumbent carriers be thinking (read:worried about) when it comes to new insurtechs entering the marketplace?
Rob gives us a couple of non-insurance examples in his response.And you’ll be surprised when he says the time to worry is not when the insurtechs are doing what the carriers are doing.But something else.
Steve, can you describe your background? Your career, education, interests and any special achievements? I was born long time ago in a world with wired phones and radios. No television. I loved taking things apart to learn how they worked. An older cousin showed me a crystal set when I was a pre-teen. A crystal … Read more