Rise and Bind

How Much Tech Is Too Much Tech? EP002 with Bradley Flowers


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In this all new episode of the Rise and Bind podcast, Chris Langille and Bradley Flowers discuss the complexities of technology in the insurance industry.

They explore the balance between adopting new tech and maintaining efficiency, emphasizing the importance of using fewer tools that offer more functionality.

The conversation highlights the need for agencies to maximize the value of existing tools, the ripple effects of technology decisions on agency operations, and the potential for future innovations through collaboration.

Chapters

00:00 Navigating the Tech Landscape in Insurance

08:58 The Balance of Technology and Efficiency

14:40 Maximizing the Value of Existing Tools

21:00 The Importance of Feature Requests and Feedback

28:21 Future Endeavors and Innovations in InsurTech

Takeaways

• There's a technology renaissance happening in the insurance industry.

• Agencies often buy too much tech that they don't need.

• It's better to have fewer tools that do more than many tools that do less.

• Integration between systems is crucial for efficiency.

• Many tools are nice-to-haves rather than must-haves.

• Agencies should evaluate the true cost of technology tools.

• Beta testing new tech can be risky; wait for proven solutions.

• Maximizing existing tools can save money and improve efficiency.

• Asking for features can lead to better tech solutions.

• Collaboration with tech vendors can drive innovation.

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Rise and BindBy Advisor Evolved