Customers are increasingly using online platforms for quick responses and shopping comparisons, potentially bringing market influence back to insurance carriers selling commercial or personal lines. Higher usage of online channels will have an impact on go-to-market strategies, sales coverage models, premiums and agent compensation.
Based on insurance engagements and our recent survey of over 60 U.S. carriers, data from 2022 shows that to capture market share, leading insurance companies are focusing on the following go-to-market strategies:
These preliminary results are just a glimpse into the latest trends in the insurance industry.
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