Connectivity: Letters to the industry.
The need for better connectivity continues to create opportunities for improvement and innovation.
Better Connectivity for Greater Efficiency.
The Agents Council for Technology (ACT) brings together agents, carriers, and technology providers in meaningful, actionable conversations in four strategic areas:
- Data
- Connectivity
- Artificial intelligence
- People/Culture
The most notable connectivity challenges:
- Agents wish there was greater collaboration to better ensure their technology and carriers systems worked together to reduce duplication of entry and facilitate greater accuracy and efficiency.
- There is a gap across agencies in their awareness of available technologies and which technology integrates best with each other.
- There are also agencies that have taken to building their own technology solutions, calling for more open integrations with carriers, AMS platforms, and other technologies. Agencies and some newer technology solutions have cited connectivity as a barrier to entry and progress.
What does all this mean? In an industry based on choice and competitive differentiation, there are very fairquestions about whether there is a utopian set of scenarios that solve for this lengthy list of pains and opportunities. But that is certainly no reason not to try. After all, though our industry may not be the fastest, it is resilient. lf we place a concerted effort with the right people in the room, we can and will make improvements. We have to.
We do not believe it is naive to think that together we can:
- Collaborate to greater insights into the current state of integration, why we are where we are, and have open dialogue about how to better move forward.
- Elevate the challenges facing agencies today as they need to navigate multiple systems to execute daily business operations.
- Educate stakeholders with high level insights into how technology providers and carriers prioritize their integration partners.
- Explore mechanisms to educate agencies and other stakeholders about emerging tools and technologies with methods to assess integrations in alignment with their needs.
- Educate stakeholders on any challenges associated with system integrations, such as privacy, authentication, data standards, scalability, etc.
As technology enables new capabilities and all three major stakeholders evaluate how to better enable their individual needs and strategies, we’ll likely always have integration conversations. It may be a function of our own independence with 39,000+ agencies, a couple thousand carriers, and an untold number of technology solutions. But we can and must facilitate meaningful conversations about how to better align these tools for the greater good of the industry.
The independent agency channel sustains from a position of overall strength. There are many carriers and technology providers who are collaborating for the greater good. And there are some amazing people across all groups who deeply care about getting this right and taking the best possible advantage of new capabilities to enable every independent agency and company to succeed long into the future. But, we clearly have work to do!
If you’d like to join this conversation, to help write the next chapters in our letters to the industry, and would like to effect positive change in the IA channel, please let us know!
With a vision for the future,
