4 Key Factors Shaping The Future of The Insurance Industry

Insurance Innovation Reporter has taken a look at some of the key signals being broadcast throughout the insurance market that define the state of the industry in 2023, and serve as a likely paradigm of insurance business models as we head into the future, as well.

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The 4 ways that insurance will be a more significant and more valuable benefit as outlined in the piece are through greater coverage, with more people and companies having more and better-tailored options as well as fewer obstacles impeding accessing that coverage; greater efficiency as technology and analytics improve, so will companies and workers ability to streamline processes and workflows; greater predictive capabilities as technology and analytics continue refining risk assessment and prediction models, as well; and greater resilience as more new risks emerge so will more and more new products and risk reduction approaches to better manage them.

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You can read that article here.