By Susan Hatten
The insurance industry is truly a nexus for innovation. Particularly through the use of technology, it is inspiring to dive into the many ways insurance professionals across the country and the world create real-time solutions for clients and build upon their success. Knowing this, it was clear to our leaders and innovators at Holmes Murphy that there were seemingly endless untapped possibilities when it came to showcasing how insurance is a driver of change and a means to explore the many available paths and opportunities offered to add value to the insurance value chain.
An example of innovation in action was in 2019 when Holmes Murphy and M3 Insurance co-founded BrokerTech Ventures (BTV) with these very principles in mind. Since then, BTV has served as an innovation hub that brings broker-centric insurtech startups together. The results have been nothing short of impressive, further proving that innovation is a fundamental component of the industry. By providing a space and opportunity for distribution access, stakeholder collaboration and engagement, and access to capital, BTV has proven itself as an important launching pad for many entrepreneurial leaders and provides a proof-of-concept environment for broker-centric products and solutions.