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5 Things to Know About Distribution Modernization

Modernizing distribution is a challenge because insurance professionals remain loyal to legacy systems and the status quo.

By Melissa Hillebrand | Updated on June 23, 2014

Agents want transactions to happen fast and easy, and customers want the same thing. This can only be achieved with sophisticated tech solutions that open the flow of information, increase channels of distriution, automates processes, speeds up transactions, and offer real-time analytics.

Distribution modernization is here and has long been managed as an afterthought or necessary evil. Insurers have often viewed it as a back-office function that delivers little value. But with the convergent of big data, social media and technology, distribution modernization is not only important, it forges a path to future sales success. 

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