PriyaPatel
TLDR:
Travelers’ 2024 Personal Insurance Agents of the Year Award winners shared valuable insights into the industry. Some key takeaways from the article include:
- Insurtechs are disrupting the industry by making insurance more accessible through innovative use of technology.
- The importance of clean data in winning the customer retention war in the insurance industry.
The article discusses how the winners of the Travelers’ 2024 Insurance Agent of the Year award shared their industry insights. It highlights the significance of insurtech companies in revolutionizing the insurance sector by leveraging technology to enhance accessibility for customers. The piece further emphasizes the crucial role of clean data in ensuring customer retention and business growth in the competitive insurance landscape.
Additionally, the article touches on the increasing trend of labor and employment class actions, attributing the rise to a surge in employee activism. It provides statistics on the proportion of legal departments’ class action matters related to labor and employment issues, indicating a significant increase from previous years.
Overall, the article offers a comprehensive overview of key trends and developments in the insurance industry, underlining the importance of technological innovation, data management, and navigating legal challenges to succeed in the evolving landscape.
