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.
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
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.
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.
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
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.