Insurance Technology

For many years, the insurance industry remained relatively unchanged.

For example, agents preferred to conduct business in person or over the phone. Along with this, consumers expected to deal with a local professional with a physical office in their city.

However, over the past decade or so, things have changed for the better. Now, thanks to the use of technology, the insurance industry is more connected than ever before.

Not only is technology becoming more prominent in the insurance industry in an overall sense, but its extreme growth is doing wonders for all parties involved (including companies, agents, brokers, and consumers).

There are hundreds of companies dabbling in the online insurance space. All of which are using technology as a means of bringing more efficiency to the industry.

3 Insurance Technology Plays

Below, we’ll examine several companies that are disrupting this space through the use of technology:

  1. PolicyGenius

Regardless of your insurance needs, PolicyGenius has you covered.

In short, this company helps you do three things:

  • Figure out the type of insurance you need.
  • Compare the top policies that suit your requirements.
  • Get the coverage you need at a price you can afford.

Best yet, this is all done via a robust online system. In the past, these three steps could have taken many hours to complete. In today’s world, however, you can move through them within a matter of minutes.

  1. Quotacy

Are you in the market for term life insurance? If so, you know one thing to be true: there are hundreds of companies offering a variety of policies. For this reason, you can’t sleep easy until you’ve done all your homework.

With Quotacy, you can instantly request term life insurance quotes by searching a variety of carriers.

This service is all about speed and efficiency. Not only can you collect quotes in real-time, but you obtain everything you need to make an informed buying decision on the spot.

If term life insurance is what you want, Quotacy is the service that will put you on the right track.

  1. Top Whole Life

While some consumers are attracted to term life insurance, others realize that a whole life policy suits them best. The reasons for this differ for each person. For some, its a good fit because your coverage will remain active until the day you pass on (thus guaranteeing a payout to your beneficiary).

Just as Quotacy provides instant quotes for term life insurance, Top Whole Life does the same for whole life coverage.

Believe it or not, Top Whole Life has the only online quote system for whole life insurance. And not only does it have a robust system, but it allows you to secure quotes from multiple companies within a matter of seconds. Plus, it’s free to use.

Conclusion

There is no denying that technology continues to change many industries. Even industries have avoided for many years.

Go back in time 25 years, and nobody would have believed that the insurance industry would improve in so many ways, thanks in large part to the use of advanced technology.

If you want to learn more about the best technology, don’t hesitate to visit the sites detailed above.

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