When it comes to cybersecurity, companies must not underestimate the importance of basic controls. Employees and employers are exposed in the pandemic-induced work from home environment to new …Read More
Stand Alone, Together: Why SMBs Need standalone Cyber Cover
It is well known that small and medium businesses (SMBs) face an ever-increasing risk of cyberattacks. Sixty-three percent of SMBs, surveyed in Fall 2019-prior to COVID-19 lockdowns-reported they …Read More
How to Beat the InsurTechs
Insurance technology is a hyped topic that dominates every industry journal and event. Experts say it’s the future of insurance.
If you’re a traditional retail agency, where does …Read More
Common Types of Data Breaches
A data breach is an incident in which a victim’s sensitive information is accessed without permission. That’s according to Patrick Costello, co-founder of cyber insurance firm Evolve MGA, …Read More
Underwriters Get Picky: 5 Trends to Watch in Construction Insurance
Construction insurance specialists say their insurance market is strong with plenty of capacity and underwriters competing for the best accounts.
According to specialists interviewed by Insurance Journal for …Read More
Small Business Owners Don’t Trust Commercial Insurance Buying Process: Accenture
Small commercial insurers aren’t giving their client base what they want – a simple and easy purchase experience. Whether online or through an agent, business owners are left …Read More
7 Things to Consider in Perpetuation Planning
You know the facts: insurance agents as a group are aging; the median age of a principal at an insurance agency, according to McKinsey & Co., is in …Read More
Are You Buyer Material?
Many agencies might not have considered selling in the past, but today’s attractive market has opened their eyes. For some, the time is right and valuation multiples are …Read More
Succession Planning, Business Valuation, and the Bottom Line
Succession for your agency may seem a long way down the road, but it is never too early to begin planning for your eventual departure since it can …Read More
5 Technology Trends Shaping Insurance in 2020
One look at the current insurance industry landscape is all you need to know that technology plays an integral role in this field. However, the degree to which …Read More