Tech-focused companies, and traditional insurance industry players that develop their own tech tools, are converging on Hollywood, Florida, this week to court life insurance and annuity distributors at the NAILBA 36 conference.
The conference attracts National Association of Independent Life Brokerage Agency members from around the country. They help move huge amounts of business through large networks of financial professionals, while keeping track of an ever-expanding array of compliance requirements imposed both by government agencies and the product issuers.
Here’s a look at just five of the organizations showing off tech programs and products at the conference.
1. NAILBA’s Own Life Brokerage Technology Committee
This body helps life brokerage firms communicate with the tech companies, and the big tech standards organizations, such as ACORD. It held a meeting this morning and covered everything from blockchain technology, to artificial intelligence, to bread-and-butter accelerated underwriting systems.
2. APIS Productions
APIS is presenting ideas about how life brokerage firms can update their websites to be more attractive and work better.
Assurance is showing conference attendees its new Ensight quote and guide system. Assurance says the system can plug into any carrier illustration system.
Optymyze is talking about systems that can help insurance distributors understand what’s happening with agent and broker appointments in real time.
5. PaperClip Inc.
Ebix Inc., a major technology support firm, is introducing NAILBA conference attendees to PaperClip, one of the companies in its EbixSmartOffice Partner program. The company uses crowdsourcing, and live human beings, to help clients extract data from large, unstructured sources of information, such as videos of houses, quickly. PaperClip argues that live human beings are still much better at extracting information from many sources of information than computers are, and that the goal should be to get better at using live humans’ brainpower.
—Read Cetera Rolls Out Insurtech Solution: Tech Roundup on ThinkAdvisor.