Press Release - Disruption in P&C Insurance Distribution

 As consumer preferences shift and technology evolves, insurance carriers will be forced to re-examine their distribution strategies.

Boston, February 26, 2016 - Historically speaking, U.S. consumers seeking insurance have chosen coverage from a limited set of options presented by a local agent. As consumers have become more accustomed to transparent purchase experiences for items such as electronics and automobiles, they have begun to expect a similar experience for purchasing financial services, including insurance coverage. This, combined with the acceleration of technology, has created an environment in which nontraditional sales channels will disrupt the purchase of insurance coverage.

“Consumers are demanding more purchase options for P&C insurance. But all is not lost: Brick-and-mortar agencies have plenty of options, primarily adopting the very technology that online insurance providers are leveraging,” says Jay Sarzen, senior analyst on Aite Group’s Insurance Team and property and casualty industry expert.

Aite Group’s recent report, Disruption in P&C Insurance Distribution, examines the elements involved in insurance purchase changes, including the providers offering a new insurance purchase experience and the technology driving these changes.

To request a press copy of this report, or to schedule and interview with Jay Sarzen, please contact [email protected].


About Aite Group 

Aite Group is an independent research and advisory firm focused on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, securities & investments, and insurance, Aite Group’s analysts deliver comprehensive, actionable advice to key market participants in financial services. Headquartered in Boston with a presence in Chicago, New York, San Francisco, London, and Milan, Aite Group works with its clients as a partner, advisor, and catalyst, challenging their basic assumptions and ensuring they remain at the forefront of industry trends.​ For more information, visit us on the web and connect with us on Twitter and LinkedIn.


Contact
​Jennifer Molgano
Marketing and PR Associate
Aite Group

+1.617.338.6050
[email protected]

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