Watch as our leadership team guides brokers through the changing economics and policyholder experience landscape to help them better understand the role of technology.

Episode 2. Director of Broker Partner Integrations • Implementation Ryan Freeze gives a
high-level overview of what we see happening in the commercial insurance market.

Video Transcript 

Commercial Insurance Challenges

We are seeing four challenges within commercial insurance right now.

The Four Insurance Challenges

Tools, profitability, regulation, and technology for small business insurance customers.

Insurance Tools

The insurance tools currently available to them do not widely support their varied needs.

Insurance Profitability

Brokerage and agents are struggling to deliver insurance products to these policyholders profitably. 
Costs are rapidly increasing, but commissions are not keeping up. This causes brokers to avoid small businesses altogether.

Dealing with Insurance Regulations

Carriers must navigate each state's insurance regulations, making it difficult to adjust to market conditions.

Issues with Insurance Technology

To make it even more difficult, everyone is using different insurance technology systems that do not communicate with each other.

Layr Insurance Technology Solutions

Look at your book of business. If you're caught in the typical cycle of spending 80% of your time on 20% of your revenue, call us because Layr can solve this through insurance technology automation.