Being able to operate in real time should be a focus of the independent agent and broker channel, and might be a matter of survival, according to tech experts at the recent ACORD/LOMA Insurance Systems Forum in Las Vegas.
"Without a doubt, the number-one issue in our industry is real time"--the ability to perform functions over the Web on demand--said Bob Slocum, a principal of the Warwick, R.I.-based Slocum Agency Inc., as well as chairman and president of the Agents Council for Technology, based in Alexandria, Va.
Although he noted that progress is being made in promoting real-time processing technology, Mr. Slocum said "more work needs to be done."
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
