Zywave's Innovative Solutions Drive Growth in Insurtech Market
Zywave's Commitment to Enhancing Digital Solutions
As a leader in the insurtech domain, Zywave focuses on delivering enhanced digital solutions that improve customer results and drive growth. The company's recent advancements highlight a dedication to technology and innovation in the insurance industry.
Significant Product Releases
In the past year, Zywave completed over 460 product releases, aimed at enhancing user experiences and maximizing customer return on investment (ROI). The growth in their rating, quoting, and connectivity solutions saw a remarkable 16% increase in total quote volume and a staggering 31% in premiums quoted compared to the previous year.
Event Engagement and Thought Leadership
Zywave also placed a strong emphasis on thought leadership, hosting four flagship events along with over 40 webinars designed to tackle key industry topics. These initiatives aimed to equip their customers with expertise and insights necessary for navigating today's complex insurance market.
Cyber Quoting and Broker Search Innovations
The launch of the Cyber Quoting solution, an industry-first platform, simplifies the process for insurers to assess coverage options using deep data analytics. This tool showcases Zywave's commitment to maintaining a competitive edge while providing invaluable insights into the evolving world of cyber risk. In addition, the introduction of the Broker Search feature within the miEdge Employee Benefits platform empowers users to explore potential partnerships with thousands of brokers.
Growth Metrics and Market Leadership
2024 proved to be a remarkable year for Zywave, with substantial growth across various sectors. For instance, in commercial lines, quote volumes surged by 27%. The personal lines sector saw the introduction of 19 new carriers, contributing to a 15% growth rate in quoting. Employee benefits also experienced a notable increase, with a 175% rise in quote volume across significant plans.
Acknowledgment and Awards
Zywave's commitment to service excellence earned the company recognition through multiple accolades, including Silver and Bronze awards in the Stevie® Awards for Sales & Customer Service. This recognition is a testament to their innovative methodologies in utilizing data to enhance customer support and drive operational efficiency.
Industry Recognition
Being named on Fintech Global's InsurTech100 list highlights Zywave as one of the preeminent innovators addressing critical challenges in the insurance landscape. These honors reflect their ongoing commitment to advancing the insurance sector through technology.
About Zywave and Future Directions
Zywave is committed to reshaping the insurtech industry with its comprehensive cloud-based solutions tailored for brokers and agencies. Their platform provides customizable options, empowering professionals to build unique solutions tailored to their growth aspirations. With more than 15,000 users worldwide, including the top U.S. brokerages, Zywave continues to set a high standard for enhancing client interactions and promoting health, risk management, and safety.
Contact Zywave for further information and discover the ways in which they can help you navigate the future of insurtech.
Frequently Asked Questions
What are some key achievements highlighted in Zywave's 2024 report?
The report emphasizes significant product releases, market growth, and the introduction of innovative solutions like Cyber Quoting and Broker Search.
How has Zywave performed in terms of quoting and premium growth?
Zywave experienced a 16% growth in total quote volume and a 31% increase in premiums quoted, showcasing their strong performance in the market.
What types of events did Zywave host to enhance customer expertise?
Zywave hosted several thought leadership events, webinars, and training sessions focused on key industry topics, positively impacting customer engagement.
What innovations did Zywave introduce recently?
Recently, Zywave launched the Cyber Quoting platform and enhanced its miEdge Employee Benefits platform with Broker Search capabilities.
How is Zywave recognized in the industry?
Zywave has received multiple awards for service excellence, including accolades from the Stevie Awards and recognition on the InsurTech100 list.
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