Carrier Management:
Every publication that reports on insurance these days is divided into at least two camps: the “InsurTech” camp on one side and the “insuretech” devotees on the other….
Carrier Management:
Every publication that reports on insurance these days is divided into at least two camps: the “InsurTech” camp on one side and the “insuretech” devotees on the other….
Former independent agent Peter MacDonald is founder and CEO of Wunderite, an insuretech enabling commercial lines underwriting. Insurance has always been “the original big data industry,” Peter says on this podcast. The key for the industry to evolve its systems, because, “Who wants to work in an industry where all systems are built on technology, forms and terms that are really old?” Further, Peter adds: “I don’t think agents and brokers will go away. The ones who will be here will be the ones who embrace new technology. A lot is possible if you put your mind to it. Independent agents have an advantage – they really understand the space. It’s complex and onerous. It’s an enormous industry. You have to be a niche expert.”
There is a good reason that Peter MacDonald, CEO and Co-Founder of Wunderite believes in the independent agent value chain. He lived in their world for almost a decade…
WUNDERITE (WUNDER•ITE)
Portmanteau of the German “wunder” (miracle), and “underwrite,” the act of supporting a voyage by physically signing your name under a ship’s manifest
WUNDERITE (WUNDER•ITE)
Portmanteau of the German “wunder” (miracle), and “underwrite”, the act of supporting a voyage by physically signing your name under a ship ‘s manifest