Today’s insurance agencies rely on an average of 5.7 to 11.9 different technology platforms for day-to-day operations, depending on their total revenue. For large-scale carriers managing multiple agencies and their downstream producers, it’s likely that number is even higher. While this level of digital innovation represents a positive change in the insurance industry’s ability to offer modern experiences to its consumers and efficient workflows to its employees, cultivating a more robust tech stack doesn’t come without challenges. ...
By Lewis Nibbelin, Contributing Writer, Triple-I ...
“When we, as LGBTQ+ adults, make the decision to get into a relationship and start a family, it’s not always with the support of our own family.” That is a poignant statement that will resonate with a lot of people. ...
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The answer: it depends. While many believe that insurance is a “set-and-forget” type of investment, that isn’t always the case. Depending on your area of practice, location, and more uncontrollable factors, your insurance coverage may go “out of date” sooner than you think. That is, if you aren’t setting up a proactive legal malpractice insurance renewal. ...
The annual Accenture Tech Vision report is in its 25th year and continues to be a huge source of insight for our technological future. This year, AI: A Declaration of autonomy features four key trends that are set to upend the tech playing field: The Binary Big Bang, Your Face in the Future, When LLMs Get Their Bodies, and The New Learning Loop. “The New Learning Loop” is a particularly compelling trend to me for the insurance industry. This trend explores how the integration of AI can create a virtuous cycle of learning, leading, and co-creating, ultimately driving trust, adoption, and innovation. ...
As electric vehicles grow in popularity, car buyers are charting a path toward a safer, less oil-dependent future. ...
Who else remembers the episode of Friends where they’re trying to move a couch around a tight corner on a staircase, and Ross starts yelling “Pivot!” ...
The annual Accenture Tech Vision report has always been a beacon for the future of technology. Now in its 25th year, this year’s report AI: A Declaration of autonomy highlights four key trends that are set to reshape the tech landscape – 1) The Binary Big Bang, 2) Your Face in the Future 3) When LLMs get their Bodies and 4) The New Learning Loop. I am going to zone in on “The Binary Big Bang”, the generation-defining moment of AI transition, as a transformative force for the insurance industry. The trend name really reflects the next great evolution in AI, particularly generative AI. The Binary Big Bang tracks the emergence of agentic systems, and how they challenge conventions around software development and the cost of building digital ecosystems. It dives into a major change underway in how software is designed, what we need from it, and who uses it. And it sets the stage for always-there AI, which will be rich with autonomous agents defined by rapidly expanding digital ecosystems. ...
Last week, we answered the question; What do people need to know about hurricane season? ...