The MunichRE LossDetect™ Tool Helps Reduce Collisions for Auto Fleets

There is a fundamental shift happening in the insurance industry moving from restoration (returning the policyholder to the same financial position they were in before the loss) to prevention (preventing the damage from happening in the first place). Technology has been developed, and is still being developed, that will help policyholders prevent losses from ever happening in the first place.

MunichRe Smart Mobility

Agents and brokers need to be adding services for their clients that will help them prevent losses.

Munich Reinsurance America has unveiled its Smart Mobility Program offering a toolbox of solutions to address the complex issues surrounding commercial auto losses and to help reduce or avoid the risk of collision for commercial fleets. The Smart Mobility program includes LossDetect™ (patent pending), an automated text-mining tool that analyzes automotive claims data and recommends potential solutions.

Through my involvement with Matteo Carbone and the North American Connected Insurance Observatory, I’ve had the opportunity to meet Michael Scrudato, Senior Vice President, New Strategic Markets and Bruce Weisgerber, Mobility Solutions Center Leader, New Strategic Markets and get an early look at their LossDetect platform.

“Data, Culture, and Innovation In Insurance Agency Practices – Episode 032”
by Steve Anderson and Ryan Deeds

Sorry, listening to the audio on this website requires Flash support in your browser. You can try playing the MP3 file directly by clicking here.

Summary:

In this episode of The Digital Broker, Steve and Ryan unpack the contents of the talks they gave at the Executive Management Program of the Applied Net 2018 conference.

By listening to this episode, you will learn:

  • How to tell bad data from good and develop an eye for data quality.
  • How to identify soul-sucking tasks and enlist the help you need to remove them.
  • How to find and evaluate the solutions you might not even know you have, such as customized API’s.

The Digital Broker podcast is brought to you buy Indio Technologies. Indio turns the application and renewal process into an online TurboTax like experience for your clients. As a result, the 1,000+ agents using Indio provide their clients with a top-rated customer experience, reduce their E&O exposure, and outgrow their competition. To learn more about Indio, click here!


Recap:

Talking about data management is as easy as talking about exercise: everybody agrees it’s good for you, but to work it into everyday life is more difficult.

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Why Google’s Investment in Applied Systems is Good for All Agents and Brokers

I spent last week at the Opryland Hotel in Nashville attending the AppliedNet 2018 user conference with about 4,000 other people. Because of some signals I picked up, I anticipated a significant announcement by Applied Systems. I wasn’t disappointed.

Google + Applied Systems

Toward the end of his opening keynote presentation, Reid French – CEO of Applied Systems – announced a “nine-figure” investment by CapitalG (Google’s investment arm) into Applied Systems. I had the opportunity to participate in two press briefings totaling almost 2 hours as various members of the press and industry analysts asked questions about the details and impact of this investment by Google.

Click here to read the full press release announcing CapitalG’s Investment.

French was also gracious enough to carve out 30 minutes in his full schedule to talk with Ryan Deeds and me on our Digital Broker Podcast. I highly recommend you listen to the interview to hear from French himself the details and implications of this investment.

Following are my early impressions regarding the significance and potential benefits to the industry and agents and brokers as a result of this announcement.

“Google’s Nine-Figure Investment in Applied Systems (Interview With Reid French) – Episode 031”
by Steve Anderson and Ryan Deeds

Sorry, listening to the audio on this website requires Flash support in your browser. You can try playing the MP3 file directly by clicking here.

Summary:

In this episode of The Digital Broker podcast, Steve and Ryan talk directly to Reid French, CEO of Applied Systems, about CapitalG’s earth-shaking investment in Reid’s company Applied Systems.

By listening to this episode, you will learn:

  • What the deal represents, not only for Applied but for the insurance industry as a whole.
  • How Reid and Applied plan to leverage this investment for the benefit of the independent insurance channel.
  • What the practical implications of this might look like.

The Digital Broker podcast is brought to you buy Indio Technologies. Indio turns the application and renewal process into an online TurboTax like experience for your clients. As a result, the 1,000+ agents using Indio provide their clients with a top-rated customer experience, reduce their E&O exposure, and outgrow their competition. To learn more about Indio, click here!


Recap:

AppliedNet is an insurance superpower. In the course of eight years, it has grown from a little over 1,000 attendees in its first year to over 4,000 in 2018, its biggest turnout ever. Typically, the show highlights innovations and products in the insurance space, but this year, the light was shining on the conference producer itself. Just a few days before the show began, Applied Systems secured a nine-figure investment from CapitalG, the investment arm of Alphabet, which owns Google (3:38). (more…)

How to Easily Test Your Website on Multiple Browsers

Browsershots Browser Testing

In last week’s TechTips, I provided you with a chart of the market share for different Internet browsers. Google Chrome’s browser commands a 60% market share. I’ve included the chart again below.

This chart got me thinking that it is essential for you to make sure your website displays correctly on multiple browsers. It would help if you made sure the pages of your website render correctly on at least the top three Internet browsing platforms.

You could install each browser on both a Windows and Apple computer so you can load your website and test all of the pages. However, this is at best a cumbersome process.

Enter browser testing websites.