Beazley's new online system meets its immediate need to address business disruption and forms part of a wider strategy to digitize broker interactions
The dislocation of broker and underwriter working practices amid the lockdown illustrates the need for insurers to accelerate digital transformation, which insurtechs can help deliver. The severe impact on the day-to-day activities of brokers in Lloyd's is symptomatic of insurers being For insurers, the pandemic has emphasized the necessity of digitizing their businesses, and they will most likely use third-party partners to accelerate the delivery.
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