Carriers are implementing real-time access for agents, but agents appear slow to take advantage of it. That's a conclusion of recent AUGIE and ACT meetings. Suspecting that many agencies do not comprehend the benefits of real-time access, Pearl River, N.Y.-based ACORD is joining with carriers to aggressively promote direct bill inquiry to its affiliated agents. Travelers, Progressive, Chubb, Encompass, The St. Paul Cos., and Zurich Small Business are among those carriers that have rolled out the ability for their agents to find out the direct bill status of their clients in real-time.
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When a new claim enters the system, a race against time begins.
June 18
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Investments in hyper-personalization, AI targeting, digital transformation and marketing are taking precedence over customer expectations, the credit bureau finds in its latest study.
June 18 -
AI is not a one-size-fits-all solution to the insurance industry's problems, and many are finding a need for nuance in how they deploy the technology.
June 17 -
Emirates Airline is offering travel insurance that includes medical coverage for war-related incidents and extended-stay support during disruptions, another example of how Gulf carriers are trying to reboot their businesses now that a US-Iran peace deal is on the table.
June 17 -
Carriers that deliver communication quality, clarity of instructions, compassion from staff, and a single dependable point of contact were remembered and chosen again.
June 17
Empathy -
Insurers can break the cycle by expanding their use of global talent, strengthening compliance training and treating administrative support as a strategic capability vs. a back-office expense.
June 16
Edge




