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It's time for another exciting episode of Unlocking the Hidden Value of Your Life Insurance! In part two of our two-part conversation, Alan H. Buerger, Co-Founder and Chairman at Coventry, sheds light on the significant disparity in the life settlement industry, the lack of education about the option, ongoing challenges, and more! Let’s dive into it! https://bit.ly/3vtUQEY #UnlockingTheHiddenValueOfYourLifeInsurance #Podcast #LifeSettlements #Insurance #IndustryInsights

In the second article in our five-part series on life insurance and technology, Mark Brown explores a comprehensive strategy to enhance your life businesses, by focusing on long-term objectives and the right approach to model development and technology: https://ow.ly/eZpO50SVRnO #Insurance #LifeModeling #LifeInsurance

🔄 Creating a Virtuous Circle in Actuarial and Financial Reporting 🔄 Last week, I shared some takeaways from the first article in a series on life modeling and technology, which touched on how small investments can lead to significant savings, creating a cycle that funds even larger gains. 🚨 Avoiding “Tech Traps” 🚨 The second article looks at the “technological traps” that can derail our progress. These traps often arise from iterative quick fixes or creative solutions to flawed processes, stemming from us chasing specific goals without considering the bigger picture. Here are a few key takeaways: 1️⃣ Self-Build Models Benefit: Exciting projects, leveraging open-source tools and programming languages. Trap: Overlooking non-functional requirements can limit your ability to scale and optimise. Such models can create data-security and corporate governance issues and can exhibit unexpected behaviour under stress. Future-proofing is also an issue, due to lack of automatic tech update roll-outs and risk of developers leaving and a black box model remaining. 2️⃣ Solutions driven solely by New Tech Benefit: Short-term gains, “cutting-edge” solutions. Trap: Risks in early tech adoption which may prevent long-term value realization. Uncertainty around continued provider continuity / support. 3️⃣ Tech Attachment blocking positive change Challenge: Teams can become overly attached to familiar 'safe' tech, blocking objective evaluation of newer, better solutions. Insight: Often, improvements focus on tools leaders know best, not those that offer the greatest business benefit. 4️⃣ People Challenges vs. Tech Challenges Warning: Tech issues might actually stem from underlying people challenges. Simply replacing tech without addressing these issues can lead to recurring problems and/or failed implementation. 5️⃣ Misused Automation Observation: If your automation is simply shoring up existing processes rather than streamlining them, you may be putting the cart before the horse. This can make reporting slower, riskier, and more expensive. 🗝 The key takeaway? Technology is powerful, but it’s only as effective as the processes and people behind it. Let’s ensure we’re not just chasing the latest tech, but building sustainable, holistic solutions. These ideas are presented and explored further in Mark Brown's article below. #Insurance #LifeInsurance #Transformation #FinanceTransformation #ProcessImprovement #Automation #AI #Efficiency #Innovation #RiskManagement #Finance #Modeling

Protect yourself from life's uncertainties with Helwig Insurance's top-tier insurance coverage. Tailored to fit your needs and budget. Visit https://HelwigAgency.com for peace of mind. #insurance #coverage #peaceofmind #uncertainty

Some great insights for Life Insurance Agents about industry trends. Check out the latest episode! #stayinformed

“The mission is to cover as many American lives as possible. But there's no silver bullet answer to that.” - Fred Tavan Join us in the upcoming episode of Life Accelerated as host Anthony R. O'Donnell engages in a compelling conversation with the Head of Life Insurance at Legal & General America, Fred Tavan. Discover how Legal & General America is developing a strategy to meet different needs in the life insurance industry. Tune in next week to learn how Legal & General America is taking strides toward success. https://hubs.li/Q027cdG00 #digitaltransformtion #lifeinsurance #lifeacceleratedpodcast

In order to overcome unique barriers to CX, the life insurance industry is implementing a number of strategies that will change the face of how companies and their stakeholders interact: One key strategy? Increasing Customer Touchpoints! A remarkable customer experience is crafted from every interaction you have with us during the life of your policy. Check out this Customer Experience Knowledge Hub for everything you need to know about improving CX in the life insurance industry! https://hubs.li/Q02vcw-Z0 #CustomerExperience #LifeInsurance #KnowledgeHub

Interested in learning the ins and outs of life insurance? Let us guide you through the various options to uncover the right fit for you. Tune in to our latest podcast to learn more: https://bit.ly/3w0YB5r #insurance #lifeinsurance #insurancestrategy #financialplanning #financepodcast #kltwealth

🎯 Join Plum Life's webinar today to learn strategies for selling final expense life insurance! Discover how to identify potential clients, communicate the value of coverage, and close more sales. Don't miss out on this opportunity to improve your skills and increase your success in the industry. Register here: https://lnkd.in/etagE94s For more webinar visit helloplum.com/webinars #insurance #webinar #salesstrategies Rahim Rajpar

"We want to make things easier and that is enabled by digital.” - Susan Roberts In next week’s episode of Life Accelerated, host Anthony R. O'Donnell sits down with Head of Strategy and Transformation at John Hancock, Susan P. Roberts to discuss pioneering initiatives designed to streamline the entire customer journey. Tune in next week and gain a competitive edge in the evolving landscape of life insurance. https://hubs.li/Q02c99sC0 #digitaltransformtion #lifeinsurance #lifeacceleratedpodcast