Independent Life Distribution Technology Survey
December 9, 2020 by Michael Bridges
The Life Brokerage Technology Committee (formerly NAILBA Technology) is a gathering of industry technology leaders with great experience to discuss and report on standards and trends. The group is represented by brokerage general agencies, carriers, medical information providers and solution vendors. Workflows were documented, data sets were negotiated, and appetite to change was measured. In short, the day’s discussions produced new solutions and road maps that materialized some years later. The committee’s work over the last two decades did bear fruit and greatly impacted cycle time, accuracy (IGO), underwriting, and digitalization to big data, while the cost savings were taken over by rising compliance cost.
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