WASHINGTON—In a time when communication happens more oftenthrough a mobile device than face-to-face, agents must move beyondtheir old word-of-mouth marketing strategies and embracesocial-media outlets to connect with a new generation of insurancecustomers, a business professor contends.

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Speaking today at the annual Independent Insurance Agents &Brokers of American Legislative Conference and Convention here,Richard Honack, professor of business at Northwestern University,says recent changes in technology are breathtaking: computers arebecoming dinosaurs, replaced by smartphones and other devices; atelevision can display 16 different channels on one screen; and inthe future, while driving in a car, information will appear on thewindshield simply by speaking.

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“Change is happening so fast that you can't keep track,” saysHonack, However, customers are adapting more quickly than theinsurance industry, which means agents need to adjust in order toremain relevant.

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Social-media networking emerged as a new component ofcommunication just a few years ago, he notes. Today, it is a majorform of communication and a brand builder among the youngergeneration and future insurance buyers.

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“That is the way they communicate,” says Honack. “You have to bethere.”

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However, it is not enough to appear on a social-networking site.Agents have to say something important and deliver it quicklybecause their younger customers “just don't have time” fordetails.

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“You have to change and think differently in a nanosecond,” saysHonack. “The younger generation is wired differently from the oldergeneration.”

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Agents, he suggests, should go back to school to take atechnology course to understand the changing landscape.

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“You have to look at your business differently and start at basezero,” says Honack. “Start thinking outside of the box.”

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