Insurance Innovation Looks Bright


A majority of insurance brokers, carriers, and vendors believe the future looks bright for insurance innovation. With evolving technology hitting the insurance industry, we should see faster processing and issuances. Most clients these days don't want to sit and wait for a 2-3 week underwriting process. That's why we are seeing products such as Speed of Life Term. Using an online portal, Speed of Life TicketMasters can fill out an application, clients can e-sign their app documents, and underwriters can chat with the TicketMaster in real time as they go through the app. It's immediate issue process makes it an easy sell to clients who simply can't be bothered with waiting.