Insurtech initiatives will lower property/casualty rates
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Insurtech initiatives will lower property/casualty rates representing a win-win for all, according to MarketScout, the Texas-based insurance exchange, MGA and forecasting company.
Richard Kerr, CEO of MarketScout, said: “By utilizing new tech-enabled distribution, underwriters are ultimately going to reduce acquisition expenses, which will enable them to offer the consumer a lower premium.