Thirty-eight percent of independent agents (IAs) polled by Nationwide said they have adopted an AI platform for their business in the past six months. (Credit: deagreez/Adobe Stock)
The economy continues to weigh on the minds of insurance-carrier distribution partners.
A recent survey by Nationwide showed that agents are feeling the same economic pinch that their clients are. Top concerns among principal agents today include:
- Inflation (63%);
- The impact of artificial intelligence (AI) technology (51%);
- Both global (50%) and U.S. (49%) market volatility.
Roughly seven in 10 said their business has been negatively impacted by inflation or rising living costs (70%) and high interest rates (69%) in the past 6 months.
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