RHS 134 - A Brain Dump on Digital Insurance Distribution Part II

Published: March 3, 2022, 10:10 a.m.

b'After a 3-week hiatus, The Ryan Hanley Show is back, with a deep breakdown of the trends and ideas impacting the digital distribution of insurance products in 2022.\\n\\nThis is Part II of a two-part series.\\n\\nDon\'t miss this one...\\n\\nEpisode Highlights:\\n\\nRyan discusses the Reuter\\u2019s report, \\u201cInsurance Distribution: 7 Key Trends for 2022\\u201d (3:06)\\n\\n\\nRyan talks about trend number 1, M&A activity, and explains that increased M&A doesn\'t necessarily lead to increased distribution. (5:18)\\n\\n\\nRyan explains that acquiring the right agency or set of agencies can be an enormous way to increase your distribution. (8:20)\\n\\n\\nRyan discusses trend number 2, the resilience of intermediaries, and what\'s in their books. (10:17)\\n\\n\\nRyan explains trend number 3 which is ecosystems openness, and the drive to circularity. (13:33)\\n\\n\\nRyan mentions that the innovation train is waiting for no one and innovation is already happening.(18:15)\\n\\n\\nRyan explains why embedded insurance, trend number 6, is something that we brokers should be most scared about. (24:07)\\n\\n\\nRyans shares trend number 7, customers are driving flexibility. (28:39)\\n\\n\\nRyan provides two different options and or ways how you can run your business successfully. (30:08)\\n\\n\\nRyan shares how he wants to deliver and be different from the rest. (33:17)\\n\\n\\n\\nKey Quotes:\\n\\n"The most opportunistic brokers are going to be the ones that can step forward and take market share from the competitors." - Ryan Hanley\\n\\n"But from a communication standpoint, flexibility is a key driver to scalable growth, in my opinion." - Ryan Hanley\\n\\n"I tell you today, our process isn\'t perfect. It\'s certainly not everything that I want it to be. But I know where we\'re going." - Ryan Hanley\\n\\n\\nResources Mentioned:\\nReach out to Ryan Hanley\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'