“Technology is best when it brings people together” – Matt Mullenweg
Saying technology is the future for the insurance and financial industry is like finding Waldo. Some pick him out quick, others take a little longer to make the connection, but everyone knows he’s there. (in this scenario Waldo is technology, the readers are the companies).
Having worked in the insurance industry for the better part of 9 years, technology trends have always been apart of the insurance world. Companies investing time and money to make sure their product is produced first to agents, brokers, and clients enabling them to gain the upper hand in a very competitive business.
I read a report that stated billions of dollars has been invested by insurance companies to keep up with the revolving door of technology. This number far exceeds the trillion dollar mark when you take into consideration the ever growing insurance start-ups. Companies need to be sure the technology they are using for big data, analytics, telematics, and automated processing – to name a few – is at the highest standards.
Whether you’re ahead of the game or slowly adapting there is no denying the benefits to technology helping your business grow by streamlining workflow and automating business processes.
We’d be happy to help your team!