Solicitors to find it difficult to purchase their professional indemnity insurance
With the recent revelations with 'Sony' getting compromised with details of their clients personal details and credit card information being stolen, how does…
Insurance companies and brokers will need to embrace technology or find themselves being left behind.
There is a growing demand for Professional Indemnity with well over 180 different professions now using and applying for this type of insurance policy.
The leading free multiquote and buy software for underwriters offering instant quotes for almost any insurance product including Professional Indemnity Insur…
From PIA
Wednesday, 2nd February 2011 12:07 pm
How far has the insurance industry come, in respect of it's use of technology. To be honest up until the last few years, the whole insurance industry in general has been in the dark ages, only just getting over the 'quill pen'. Yes there has been few exceptions where innovation by brokers and insurers managed to persuade the old guard that change was needed, although it has to be said there are still large pockets of resistance by some larger brokers and insurers, namely because of their old fashion procedures and very often hampered by too many jobs worth within their own corporations.
The quicker insurers and brokers understand and embrace insurance technology, sharing the best of innovated ideas and implementing them, the easier it will be for all involved in the process of buying and selling.
The benefits will far out weigh the losses and investments you may need to consider.
The buzz word must be 'Automation Automation Automation'
Things to consider if you haven't done so:
Insurance products to consider online if you have not already done so:
More complicated insurance products such as Intellectual Property Insurance, Solicitors Insurance, IFA Insurance, Shipping and Aircraft risks can still be automated and presented directly form your websites to insurers and underwriters to consider the risk.
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