In todays more technically advanced organizations, an omni-channel experience supported by artificial intelligence is offered. The major targets for this technology are banks and insurance companies. The first line of modern interaction is the chat-bot which are designed to answer a particular stream of questions related to a specific area and can have a certain level of “artificial intelligence.”
Distracted driving endangers the life of the driver and others. Texting while driving, talking on a cell phone, using a navigation system—especially looking on a map on your phone—and eating while driving are a few examples of distracted driving.
Today’s training regime for most insurance companies is to provide training on the specific job you have and ignores the larger context of how insurance companies operate. Insurance training has gone from maximalist to minimalist and that is a major problem. Now with the lack of training at the carrier level, the agency is left with hiring people off the street and that isn’t good for anyone in the insurance value-chain.
The insurance industry is concerned about the legality of insuring a product (medical cannabis) that is Illegal per federal law and has not been approved by the Federal Drug Administration. Apart from Federal law, banking regulations and risks associated with farming—like fires, flooding, and insect infestation—these are the main challenges for Life and P&C carriers and actuaries. Regardless of the challenges, carriers are preparing for the day when federal laws change and remove the legal barriers and reputational risks of providing insurance coverage for the cannabis industry.
The industry needs to unite as a whole to address this crisis—insurers, providers and pharma. This opioid crisis is possibly the granddaddy of social issues and societal change. What role can insurance companies play in ameliorating this situation?
Customer Relationship Management (CRM for Insurance) technology helps both carrier and Producers: managing the direct sale customer (the insured) or managing the retailer (the producers). VUE`s CRM for Insurance develops its platform for scalability and configurability with robust framework and object architecture…
The conference is a niche event targeting players in the Life and Annuity segment of the insurance industry. The sessions, called Markets in Transition: How will Distribution Evolve and Transforming Field Leadership Support with technology, they encouraged to focus more on leveraging insurance technology to accomplish more and get the greatest return on investment.