A new J.D. Power report found that while insurtechs have the potential to disrupt the entire insurance industry, the public is largely unaware of them. J.D. Power found that six percent of prospective customers were aware of several popular insurtechs. Pie Insurance, an insurtech that issues workers’ comp policies directly to customers entirely online, has received buzz within the industry for the threat it could pose to traditional agents.
Read more via Insurance Journal here.
Interested in insurtechs? Comp Blog’s new tech symposium on June 15th, Spotlight on Solutions, will have a session on them. Full info and registration here.