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Models are ever-changing, putting pressure on insurers and regulators to adapt.
The level of change we’ve seen since the pandemic has been dramatic, and that event exposed a lot of new risk.
Finding innovative methods of delivering and distributing traditional products and new solutions to address the market’s unmet needs.
In the insurance industry, carriers vary in structure and organization. Over the years, diverse forms of insurance companies have evolved.
Successful insurers will be those that focus on specialization and can help mitigate losses for insureds in an evolving risk environment that includes threats such as legal system abuse.
There’s a not-so-new innovation in insurance that’s captured the attention of the market: parametric insurance and it’s forecasted to hit $29.3B by 2031.
Learn how we take existing products and modify them for new exposures.