Four Game-Changing Market Trends and Opportunities for Specialty Lines Insurers
For specialty insurers that provide lower-premium niche products, getting to market quickly and cost-effectively has always been a challenge.
This executive brief highlights four market trends affecting specialty lines insurers, and showcases strategies that can help insurers seize these opportunities to outpace the competition by becoming more flexible, agile and efficient. The major trends impacting specialty lines insurers include:
- The need for configurable product development
- The need for increased automation in underwriting
- Changing customer/agent expectations
- Emerging risks, such as cyber threats