Are legacy programs weighing down the insurance coverage business?

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Are legacy systems weighing down the insurance industry?

Amid a tough market characterised by excessive demand for insurance coverage, restricted provide, and evolving dangers, brokers, insurers, and underwriters are beneath vital strain to reply rapidly, value insurance policies precisely, and ship seamless service—all whereas grappling with growing workloads and stretched assets. On this difficult setting, insurtech instruments are rising as important options, enabling brokers and insurers to streamline operations, tackle expertise shortages, and keep aggressive in a quickly altering panorama.