An InsurTech approach for insurance distribution
The insurance market is over 330-years old and has not changed fundamentally all this while. For years, even insurance distribution remained largely unchanged– relying primarily on independently affiliated agents and brokers. But now Insurers find themselves in a place where their very survival depends on abandoning legacy practices and leveraging technology to modernize their distribution networks.
Distribution Connectivity Intermediary, which is an emerging area in insurance technology, is a cloud native Insurtech product that connects multiple independent agents with multiple insurers. Through such construct, it helps to build a digital distribution ecosystem where multiple agents and insurers can work with each other flexibly through digital connectivity and a straight-through operating model, thus significantly accelerating the modernization of insurance distribution in a very cost-effective way.
Read the white paper to know more!