Bridging the gap: How wholesale brokers are reshaping specialty insurance

[ad_1] Humana, one of the largest Medicare Advantage providers, exited unprofitable plans earlier this year, cutting around 550,000 members, though most transferred to other Humana offerings. The move helped boost its profitability, with net income rising nearly 67% in Q1. [ad_2] Source link

[ad_1] Led by co-founder and CEO Peter Colis, Ethos reported 50% year-over-year revenue growth in 2024 but did not disclose further details. The company, which offers life insurance policies of up to $3 million without requiring a medical exam, promotes a streamlined approval process that takes about 10 minutes, according to its website. [ad_2] Source…

[ad_1] The Supreme Court ruled, however, that Farmers met its legal obligations by using notice language approved by the state’s Department of Consumer and Business Services (DCBS). The court said insurers that adopt agency-approved wording are not liable for omitting portions of the statute, affirming that the legislature intended for such approval to serve as…

[ad_1] Last year, TWFG Insurance, a Texas-based insurance broker, made a strong market debut. Priced at $17 per share, the IPO exceeded expectations, closing at $22.10 on its first trading day – a surge of over 30%. The company raised approximately $170 million, which is earmarked for debt repayment, potential acquisitions, and general corporate purposes….

[ad_1] Centering the broker, not cutting them out Rather than cutting brokers out of the process, as some startups do, it’s important to center them. Brokers aren’t obstacles to be bypassed – they’re the primary users. Automation, then, isn’t about replacing people but handling the repetitive tasks that slow them down. [ad_2] Source link

[ad_1] How women in insurance can play a critical role amid the technological shift [ad_2] Source link