Independent agencies and their insurance carriers that fail to embrace real-time data processing will soon start losing marketshare and could find themselves out of business over the long haul, a trio of cutting-edge agents warn.
Technology will increasingly become the critical factor in the agency-company relationship, according to Edgar Higgins Jr., president of Thousand Islands Agency in Clayton, N.Y.
Were building a bridge on better business processing, and need to work together with carriers to meet in the middle, he added during a panel on The Future Of Agency Technology, at the ACORD LOMA Insurance Systems Forum here today in Las Vegas.
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