The insurance industry has undergone significant changes over the past year.
Insurers are strategically withdrawing from unprofitable markets, concentrating their efforts on targeted sublines, and imposing stricter underwriting criteria for new policies. In this turbulent environment, having efficient, automated systems for handling cancellations and nonrenewals is no longer optional—it has become essential for regulatory compliance. Reliance on manual procedures and rigid systems is proving inadequate, introducing unacceptable risks in this ever-changing landscape.
Check out the top three reasons automation is imperative for cancellations and nonrenewals in 2025.
