Navigating Economic Headwinds: The Strategic Move for Insurers to Add Commercial Business

Hands of young woman holding touchpad with health insurance form while filling in personal information

Changing economic conditions creates new facts. Consumers are spending less. Insurance cover cancellations are rising.

Insurers confront a crucial decision – stay within familiar territories, compete over a shrinking pool of premiums, or venture into new domains. This article serves as a practical primer, showing insurance company decision-makers the terrain they would navigate if they considered expanding into InsurTech.

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5 key lessons in modernization

FiveM has extensive experience advising leaders on modernization initiatives, resulting in valuable insights and “The Five Key Lessons” for digital transformation.