Rising sea levels. Catastrophic storms. Rampant wildfires. The risks we face today are not ones we are necessarily used to seeing. 

Successful companies cannot grow without purpose. Organizational decisions need to be intentional and focused on what’s best for the business at a given time. Depending on the maturity of a company, bigger and faster isn’t always better. 

It’s no secret that for many brands, embedding insurance offerings into an existing customer journey provides a great opportunity for generating new revenue and expanding customer relationships.

Though we’ve long been poised for digital disruption in the insurance industry, greater technological capabilities have quickly become a necessity in the wake of the pandemic, emerging markets, developing economies and changing consumer demands — among a host of other events.

There’s no doubt 2022 has been a challenging year for the InsurTech community. While we’re certainly not immune to the industry headwinds, thanks to our dedicated team at Bindable and an amazing group of business partners, we’re extremely grateful to have had another year of success. Here are some of the highlights from the past year:

Recently we spoke with Zach Shefska, CEO of Car Edge, to learn more about his company, his role, and his experience working with the Bindable team. Read what he had to share!

The insurance industry is experiencing a hardening market right now. That means the market cycle is on an upswing, premiums are increasing, and carriers’ capacity for most types of risk is decreasing. While there are various opinions about what a hard market looks like in comparison to a soft market, its underlying causes and repercussions are universally agreed upon.

This summer, Bindable launched its first-ever “official” internship program! We are so lucky to have five extremely talented and hardworking interns, all from Northeastern University in Boston, who have joined our team through the end of the year: Pooja, Aamrah, Bhumi, Eric, and Alisha.