Filed Under:Agent Broker, Agency Management

Next Big Tech Hurdle: Real-Time Processing For Mid-Market Commercial

Advances being made today with small-account business policies

On the personal-lines side, the adoption of real-time processing technology—and the significant efficiencies that go with it—is becoming widespread.

The “next frontier,” according to Jeff Yates, CEO of ACT (Agents Council for Technology), is real-time processing for commercial lines—a development that will have “huge payback” for independent agents and brokers.

REAL-TIME ADVANTAGES

When (not if, argue industry experts) real-time processing becomes a more common commercial-side solution, what will be some of the key advantages delivered?

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