Insurance Will Grow And Flow Through Different Channels: Analyst
June 9, 2020 by John Hilton
Insurance products remain solidly profitable, but big change is coming in who sells them and how they are sold, one leading industry analyst predicts.
More fee-based products, new channels and growth in direct-to-consumer sales are some trends Chip Roame expects in the coming years. Roame, managing partner of Tiburon Strategic Advisors, characterized insurance products as being in a natural transition phase.
“We still think the industry needs to consolidate quite a bit,” Roame said, adding that more products will be pushed out through other channels besides agents.