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 Depending on your area of practice, location, and more uncontrollable factors, your insurance coverage may go “out of date” sooner than you think.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. ...
This post is part of a series sponsored by AgentSync. ...
Louisiana’s Senate passed five tort reform bills last week to curb legal system abuse driven by billboard attorneys in the Pelican State. The legislative success represents the culmination of sustained advocacy efforts – including a Triple-I-backed awareness campaign, StopLegalSystemAbuse.org – to build public support. ...
Throughout history, insurers have been pivotal in driving social change, enabling human progress, innovation, and prosperity. From seatbelts to vaccines and fire-retardant materials, insurers have fostered numerous innovations. Nowadays, they face a new monumental challenge: climate change. 2024 has been another record loss year for insurers driven by natural catastrophes linked to climate change. Insurers are hence seeking greener pastures. If done right, aiding businesses in their transformation to reduce greenhouse gas emissions becomes a positive for insurers. They can be facilitators of the transition to a carbon-neutral future by exerting influence across the wide variety of industries they finance. ...
This post is part of a series sponsored by Cotality. ...