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 …
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 …
Imagine this: A loyal policyholder visits your website to check on their recent claim. They have been with your agency for years. Still, they get moved from one department to another. They are often asked for their policy number. This leaves them feeling frustrated. Another customer is upset about a recent rate increase. They share …
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 …
Renovating your home is exciting! You might expand your space, upgrade your kitchen, or add new safety features. While home improvements can enhance your property’s comfort and value, they also have a significant impact on your home insurance. Some renovations can lead to increased premiums, while others may qualify you for discounts. Failing to update …
When it comes to protecting where you live, insurance plays a crucial role in safeguarding your financial future. No matter if you own a home or rent, the right insurance is key. It helps you avoid surprise costs from property damage, theft, or liability claims. Homeowners insurance and renters insurance have different purposes. They provide …
Brian Duperreault, CEO of AIG, once remarked, “The insurance industry is in the midst of a technological revolution. “Digital transformation changes the customer experience and improves efficiency.” His statement is more relevant now than ever. Technology has become an indispensable part of our daily lives, influencing every industry. The insurance sector, too, is undergoing a …