A Strong Understanding of Technology Will Help Drive Revenue Growth for Independent P&C Insurance Agencies
JoTo PR Client, Quadrant Information Systems, was featured in an article in Insurance Advocate Magazine entitled Optimism: Independent Agents, P&C Insurers Juice-Up Tech Budgets.
Agents are increasingly turning to technology to find new ways to engage with customers and increase their competitive edge. For example, two-thirds of surveyed agencies either use or plan to invest in mobile-enabled websites to attract new customers.
The future of independent property and casualty insurance agencies looks bright, cites a recent survey of agency principals and producers conducted by Hanover Research. The study, “How Independent P&C Insurance Agencies Thrive in 2016’s Competitive Marketplace,” reports that nearly half (49%) of agency respondents were very optimistic about the future success of their agencies.
Michael Macauley, CEO of Quadrant Information Services, a leading supplier of pricing analytics services to P&C carriers said, “Like practically every other industry, insurance at the agency level has been disrupted to some extent by digital technology. They want information and they want it quickly. Response time is hugely important to the agencies. They want the information delivered in a form that enables them to use it to make good business decisions.”
“Meet a company who provides pricing analytics solutions for property and casualty insurance companies. Quadrant gives actuary, product development, pricing, sales and marketing personnel at its client companies—which include all the major insurance carriers in the United States—the data they need to make accurate, data-driven decisions.”
Insurance Advocate is a twice-monthly online magazine that targets insurance agents, brokers and insurance company executives, providing information on the industry in the major US markets.
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