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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Automation and AI offer ways to tailor the shopping and management experience, but the digital interaction must be balanced with human support.
October 16WoodmenLife -
Consumer-facing applications like chatbots and personalized product recommendations make interactions faster, more tailored and more transparent.
October 16TheZebra.com -
Stand Insurance has raised $35 million in a Series B funding round to expand its artificial intelligence-powered coverage for homeowners.
October 16 -
Jay Koh, a private equity veteran and former Carlyle Group Inc. executive, says investors should be paying a lot more attention to the new economy forming around extreme weather.
October 16 -
AI is transforming every aspect of insurance from claims to underwriting, allowing carriers to personalize policies to customers' needs.
October 15Newgen Software -
Preliminary insured losses for the first nine months of 2025 already stand at about $105 billion, according to a report Wednesday by Gallagher Re.
October 15