The insurance industry is changing fast. New technology is driving this major transformation. As we enter 2025, insurers face an evolving landscape where digital innovation is not just a luxury but a necessity. The need to modernize systems and enhance customer experiences has never been more urgent. Insurance companies are focusing on digital transformation. They …
Insurance can be a confusing world filled with complex jargon and technical terms. When you buy health, life, auto, or homeowners insurance, knowing the terms is key. It helps you make smart choices. Not understanding these terms can cause poor coverage, surprise costs, and frustration later on. This guide aims to break down key insurance …
Despite recent disruptions, the European insurance sector has demonstrated resilience. After a short-term financial impact due to COVID-19, the industry rebounded quickly. The market is set to grow steadily. Annual premium growth is projected at 3 percent. Profits are expected to rise by 8 percent by 2025. This stability is a strength. However, when it …
In today’s world, economic ups and downs are common. Independent insurance agencies now face many new challenges. Inflation, market ups and downs, and global economic uncertainty shape today’s business world. To survive, companies must be adaptable and resilient. Insurance agencies face a big challenge. Geopolitical tensions are rising, and environmental risks are increasing. Capital constraints …
Mergers and acquisitions (M&A) have fueled growth in the insurance brokerage industry for years. This growth comes from low-cost capital and strong free cash flow. However, shifting market conditions have altered the landscape. Recent Federal Reserve rate cuts helped a bit, but M&A activity in 2025 fell significantly. It dropped by nearly 20% compared to …
In today’s fast-paced digital world, security is not just a luxury—it is an absolute necessity. Businesses are using more data than ever. So, they need strict security measures now more than ever. At InsuredMine, we have always prioritized data security, privacy, and compliance. We are excited to share that we have achieved SOC 2 Type …
Let’s talk about a technology that has revolutionized the insurance industry—e-signatures. No more long waits and piles of paperwork to sign a policy. You don’t need in-person meetings or mailing documents anymore. Now, it’s quick and easy. The manual process not only consumed time but also increased the risk of lost or misplaced documents. E-signatures …
Texas is making a big move to fix a long-standing problem in the prescribed burn industry. This issue is finding affordable and reliable liability coverage. Lawmakers are debating Senate Bill 2510. Senator Lois Kolkhorst introduced this bill. It aims to set up a state-managed insurance pool for prescribed burn managers. This initiative could change liability …
The wholesale insurance brokerage industry is exciting and always changing. It offers many challenges, opportunities, and new ideas. Wholesale insurance offers a unique career path. It has great growth potential. This field suits both experienced brokers and newcomers alike. This article covers wholesale brokerage. We’ll look at how brokers fill market gaps and their key …