Why Agencies Shouldn't Be Afraid of Insurtech and Need to Adopt It – Now

There's been a barrage of insurtech products hitting the market for several years now, creating confusion for some agency owners trying to decipher what is relevant to them, how to implement these products and whether to wait for new agency systems. Regardless of the confusion, choosing to do nothing is not an option, according to agency consultant Chris Burand, founder of Chris Burand & Associates, who says agencies have to get in the technology game if they want to not only thrive but also survive – and the sooner the better. "Your peers, your competitors, they're going to wait five, 10 years," Burand said. "They're going to wait on their agency system management company to get all these modules all into one system. It's so critical to move early and fast and move intelligently."