AAIS - American Association of Insurance Services helps with advice and solutions for US insurers get from where they are to where they need to be to compete with
- first mover digitally transformed carriers, reinsurers, brokers
- commoditization by GAFAs
In a world moving quickly, property casualty insurers need to keep their products up-to-date in a timely way, while taking advantage of new technologies used to deliver them. According to Mark Brannon, a Principal at Merlinos & Associates, keeping up with the competition and other changes in the marketplace is a challenge. Many carriers are partnering with companies with advanced systems and other providers, like AAIS, so they can leverage the latest developments in products and Insurtech services to take advantage of the flexibility they are building into their products.