The momentum for more real-time functionality for agents is building, according to The Agents Council for Technology (ACT) in a report titled, "The Real-Time Revolution: Redefining How We Work." Specifically, the number of real-time inquiries and transactions between agents and carriers is increasing by as much as 30% per month. Additionally, in one year, real-time activity reached a level that the traditional batch model needed 17 years to achieve. Also, more carriers are developing real-time interfaces universally available to their agents. ACT is affiliated with the Independent Insurance Agents & Brokers of America (IIABA), Alexandria, Va. The report can be downloaded at the IIABA Web site at: www.independentagent.com.
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When AI is simply layered on top of policy-centric platforms, batch-based processes, and siloed data models, it inherits their limitations.
February 5
EIS Group -
Zurich Insurance Group AG has made a sweetened £8 billion ($11 billion) bid to buy Beazley Plc, an offer that's won the tentative approval of the UK insurer's board.
February 5 -
UnitedHealthcare's Flexwork program offers hourly employees affordable health coverage, including dental, vision and virtual care.
February 5 -
Insurers learned that 2025 was about regaining balance and 2026 will be about redefining value for customers with better data, tools and insights.
February 4
Plymouth Rock Home Assurance Corporation -
Digital Insurance spoke with Greg Chandler, executive VP for IT at the insurer, which specializes in workplace benefits, about how the company began implementing AI, how its use of AI has evolved, and what's next.
February 4 -
AI is reshaping how claims are handled, how repairs are performed, and how teams deliver faster and more connected experiences across the auto claims ecosystem.
February 4
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