Insurers and brokers that want to make the best use of innovative new technology need to take a a careful look at what exactly is out there and if it can be leveraged to its full potential.

In a presentation at the Cayman Captive Forum Susan Hatten and Dan Keough, respectively the chief marketing officer and chairman/chief executive of Holmes Murphy, and chief operating officer and co-founder/co-chief executive of BrokerTech Ventures (BTV), pointed out that companies are looking for innovation in order to identify risks sooner and drive down costs faster

They pointed out that captive insurers can use technology to a competitive advantage by using innovative solutions that can increase connectivity of partners and provide a more efficient way of managing and processing data. They can also streamline their processes.

‍

Read more.