Wish List 2020: What’s Next for the Insurance Industry?

January is always a time for resolutions, but no one can do it all on their own.

Every independent agency relies heavily on its carrier partners for support. As you ring in the New Year and begin to forecast your agency’s short-term future, what’s on your wish list in terms of coverages, products, issues and trends you’d like to see them tackle by 2020?

According to the 2018 Future One Agency Universe Study, agents believe these are the top five most important issues for carriers to address:

  • New insurance coverage/products to sell: 51%
  • Clients’ cyber risks/data security: 41%
  • Sharing economy: 36%
  • Usage-based insurance: 30%
  • Internet of Things for commercial lines: 25%

Independent Agent provided a sneak peek at the status of these trends as we look ahead to 2020. Read the article.

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