‘A snail’s pace’: Brokers and agents sound off on commercial lines’ slow tech progress

“Someone comes to us to open a small business or a restaurant, and it can take a week to get a sense of how much premium they’ll be charged,” Seikaly said. “We have to send information to the carrier, who then feeds it into an outdated quoting system, runs separate models, and gets multiple approvals. By the time you get a number, the client is already frustrated.”

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