🌟 Friday Roundup: News of the week as we head into September! 🌟 💼 Industry Updates: - AI and Insurance Risks: The emergence of "Silent AI" risks was highlighted this week, referring to the potential for artificial intelligence-related risks that may be inadequately covered by traditional insurance policies. These risks, while increasingly relevant, often go unaddressed due to their implicit nature in existing coverage frameworks. - Insurance Technology and Market Trends: The use of AI in claims processing was highlighted this week, with insurers like Tokio Marine reportedly saving millions annually by implementing AI-driven solutions to improve customer experiences. 👨👨👧👦 Company News from the week: - Today we celebrated Danielle Cumper's baby shower as it will be her last day in the office for a while! We wish you the best of luck for the next few weeks DC and we can't wait to meet the new baby! 🤱🍼 - We also had Richard Fernandez ACII in this week, as he is back from his cruise! Great to see you Richard! 👋 🔗 Stay Connected: - Make sure to follow our Instagram page (@toogoods_insurance) for more updates, tips, and industry news. We have started to post some great content on how to have the correct cover in place, so don't miss out! We hope you all have a great weekend! See you next week! ✨
C R Toogood & Co Ltd’s Post
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What are the opportunities and potential challenges for AI in insurance? Read the article with Graham Gordon on how AI is transforming various facets of insurance operations: https://spns.pub/3HE8MPq #insurance #AI
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How is AI shaping insurance? Perhaps more importantly, we discuss how some of your competitors are starting to use it. #insurance #ai #data #retention
Will Artificial Intelligence “Replace” the Independent Agent?
blog.refocusai.com
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Chief Marketing Officer and Head of Investor Relations at Sapiens I B2B Tech Marketing I Brand Builder I Strategy and Storytelling I Digital marketing expert I G-CMO I Investor Relations
What are the opportunities and potential challenges for AI in insurance? Read the article with Graham Gordon on how AI is transforming various facets of insurance operations: https://lnkd.in/dS8ysE3A #insurance #AI
Unveiling opportunities & navigating challenges of AI in insurance - COVER WebMag
https://magazine.cover.co.za
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Interesting article on AI and how it's influencing insurance by my colleague Kirill Fainshmidt #dataart #ai
How Generative AI is Shaping the Future of Insurance
https://fintechherald.com
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Tier 1 Insurtech/Fintech sales executive. Trusted advisor to my customers - their success is my success.
As a follow on to my last post about #GenAI in insurance, Earnix's Head of Product, Be'eri Mart gives us a peek at how #AI is impacting the insurance industry today - and what we might see in the future.
2025 Horizons: The Next Frontiers of AI Integration in Insurance
http://insurance-edge.net
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blueButler AI Co-Pilot: Blowing away more and more insurance firms every day! Read the direct feeback from Brendan Higgins, Owner of Thousand Islands Agency in New York. "Blue Butler AI has helped our agency drastically improve the speed, quality and accuracy of documentation by using software to support the role of Account Managers by easing the effort necessary to accurately and thoroughly document client phone interactions. By using Blue Butler AI, our customer service Account Managers are able to focus their efforts on answering a client’s inquiries and solving their problems knowing the software will assist them in capturing call content so they can quickly move on to their next task. Let Blue Butler AI do the heavy lifting of post call client documentation for your customer service team. Blue Butler AI can help your Account Managers get more done, reduce their stress and free up valuable time your team needs in this challenging insurance market to requote existing business, quote more new accounts and add more value! A 30-45 minute client phone call can be documented with a few clicks of the mouse in less than 20 seconds. Ask Blue Butler for a demo today - you will not regret this investment." Book a demo here: https://lnkd.in/eYXsWjX
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Excited to share our latest article on Generative AI in Insurance: Transforming the Insurance Value Chain. Check it out and let me know your thoughts.
Gen AI in Insurance Across the Value Chain
hexaware.com
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How Will AI Affect Your Insurance Agency? See what we found. It's not bad news, by the way! #AI #chatbots #insurancedistribution #insuranceagents #insuranceleads
Insurance Distribution Channels and the Role of the Insurance Agent | SmartFinancial
agents.smartfinancial.com
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President and Partner at Ellerbrock-Norris | Co-Founder of LAUNCH | Co-Host of Getting Past the Premium Podcast
Most new insurance agents turnover within the first 3 years of being in the industry. This is a massive expense that insurance agencies are absorbing. Why is it that so many new producers fail in the first 3 years? What type of training do you have in place to make them successful? I firmly believe that decreasing the amount of time from date of hire to validation and beyond is the biggest factor for agency growth. If you can bring new Producers in, train them quickly and get them producing you will scale faster than your competition. One of the areas that we have seen producers struggle with is the Assessment meeting. It takes time for them to get enough experience in asking the right questions and listening for the right information. They just need at bats. That is, until LAUNCHGenius came along. LAUNCHGenius is our AI tool built into LAUNCH that helps your Producers understand why they are asking certain questions, why the client cares about that question and even gives example scenarios that they can use to better understand the question. This accelerates their learning and gives them the ability to confidently get in front of prospects, ask the right questions and uncover their pain.
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