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I recently read a blog from a young Millennial former insurance agent who was practically begging Amazon (or one of the other dominant online companies) to enter the insurance business.
Her chief complaint about the insurance business? Way too slow and too much paperwork which could be handled more efficiently with digital technology. Like what has been transpiring in the financial services industry for nearly a decade, the young blog writer saw the insurance industry as ripe for disruption with technology leading the charge.
I don’t think she was wrong. Historically, insurance companies – and our…