5 ways technology is impacting the insurance industry.

image

Technology is changing nearly every facet of life and that includes the business community. More often than not, technology impacts businesses for the better.  Some businesses in the insurance industry are definitely benefitting from technological advances. For many in the industry, the pace at which they are adopting new technologies has been slow compared to the demands of most customers.  One reason for this demand is that millennials are now a new customer base for insurance companies.  Many millennials are now of the age where they are beginning to purchase their own car and health insurance. Some are purchasing homes and some are even starting their own businesses.  What the industry has to deal with is the fact that millennials want to purchase coverage on their terms.  More frequently the place they want to buy coverage is online and via a mobile device.  Because millennials are demanding more out of their relationships with insurance companies many businesses within the industry are beginning to listen to their demands.  Continue reading

How Technology Culture Promotes Addiction

Technology is an invaluable resource to the world. It is a curator of amazing things, and by no means is it bad on its own. Before the days of the industrial revolution, people were apprehensive about technology. They were afraid because they didn’t know how it worked, and they didn’t know how the introduction of it into their world was going to change their daily lives. Continue reading

The Importance of Collaboration in Business and How to Make It Accessible

image

One of the greatest strengths of our species is our diversity, as it allows us, as a race, to be good at everything, rather than having only a few specialties. Business is no different in this regard, which is why you hire a wide array of employees, each responsible for a different aspect of the organization, rather than hiring only designers or accountants. This is why collaboration is so effective in business, as it can allow your company to not only specialize in one area of expertise, but actually cater to a far wider audience. Continue reading