Scott Polkinghorne from Augment Risk recently shared his thoughts on how the insurance market is becoming more specialized and what that means for businesses. In a new video interview, he explained that as the insurance world focuses more on niche areas, new chances to grow and succeed are opening up.
Polkinghorne pointed out that specialization allows companies to better understand the unique needs of certain clients or industries. This gives them an edge over others who offer more general services. He encouraged insurance professionals to pay attention to these shifts and find ways to lean into their own areas of expertise.
The growing trend toward specialization is part of a bigger change happening in the insurance industry. Other videos on the topic cover how technology like AI is being used, key insights about the industry’s future, and strategies for dealing with emerging risks. Industry leaders like Kayla Works, Jenee Green, and George N Thompson also share their views in similar discussions.
With so many changes ahead, Polkinghorne’s advice comes at a good time. Companies that focus on what they do best could find new opportunities and stand out in an increasingly crowded market. The full conversation with Polkinghorne is available online for anyone interested in learning more about this shift in the insurance world.