Six Things Newsletter | April 20, 2021 - Insurance Thought Leadership

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April 20, 2021

Six Things Newsletter | April 20, 2021

Summary:

In this week's Six Things, Paul Carroll explores the implications of AI-based transcription on the issue of too many meetings. Plus, how insurers can step up on climate change; solving life insurance coverage gap; how AI is moving distribution forward; and more.

Photo Courtesy of ITL

Finally, Fewer Meetings?

Paul Carroll, Editor-in-Chief of ITL

As the jury got set to begin deliberations in the trial of Derek Chauvin this week, the judge told them that they would have to rely on their notes from the three-week trial because no transcription of the testimony would be available. Someone tweeted that the lack of a transcript made perfect sense — if the year were 1821.

He has a point. Natural language processing has advanced so much that using artificial intelligence to produce an instant, highly accurate transcription has become trivial, The advancement has broad implications, ranging from the number of meetings that we’re all subjected to, to the interactions that agents and customer service reps have with clients… continue reading >

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SIX THINGS

How Insurers Can Step Up on Climate Change
by Rowan Douglas

With the coming UN conference on climate change, the insurance industry has a historic opportunity to take a seat at the main table.

Read More

Solving Life Insurance Coverage Gap
by Christopher Snyder

We are now seeing the fruits of our labors materialized into a genuine straight-through process for term life.

Read More

Webinar :
The Alarming Surge in Ransomware Attacks

sponsored by Tokio Marine HCC – Cyber & Professional Lines Group

Join Michael Palotay, Chief Underwriting Officer for Tokio Marine HCC – Cyber & Professional Lines, and Paul Carroll as they continue their discussion on ransomware, cyber attacks, and how businesses can protect themselves.

Watch Now

1 Million Digital Life Presentations
by Bill Unrue

The life insurance presentations provide five key takeaways: In sum, millennials demand a more visual, interactive and intuitive approach.

Read More

How AI Is Moving Distribution Forward
by Christophe Bourguignat

AI improves risk analysis and fraud detection while providing more sophisticated pricing and faster, more personalized customer services.

Read More

Long-Term Disability in the Time of COVID-19
by Jeff Schuh

There are many “pandemic headwinds” facing group LTD carriers, and it’s just a matter of time before these trends crystallize.

Read More

Sea Changes After a Year of Pandemic
by Rob McIsaac

Business as usual is likely to take on a different meaning, a reality compounded by the ever-shortening useful life of technology.

Read More

Digital Revolution Reaches Underwriting
sponsored by Intellect SEEC

The digital revolution in insurance, which began in distribution and then spread to claims, has now reached underwriting in a big way.

Read More

MORE FROM ITL

April’s Topic: Agents & Brokers

Mark Twain reportedly once responded to a rumor of a serious illness by saying, “Rumors of my death have been greatly exaggerated.”  Insurance agents and brokers could have said the same thing over the past decade and will likely be parrying those rumors for years to come.

There’s no doubt that agents & brokers inhabit a world going digital and not every agent will migrate easily into the ever-more-digital world, but those who do will find the work more rewarding, both for themselves and for their ever-more-loyal clients.

Take Me There

The Alarming Surge in Ransomware Attacks

Join Michael Palotay, Chief Underwriting Officer for Tokio Marine HCC – Cyber & Professional Lines, and Paul Carroll as they continue their discussion on ransomware, cyber attacks, and how businesses can protect themselves.

Watch Now

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