The insurance industry needs cooperation to solve the costly inefficiency and vulnerability of credential management.
By Steve Aronson and Keith Savino
A manifesto is typically introduced by young visionaries with the goal of converting or overcoming those who cling to the status quo.
In the insurance industry, it’s the opposite.
The old guard in the independent agency channel has written the manifesto, and it is urging up-and-coming insurance leaders to step up and push change forward — because changing the status quo will literally be good for everybody.
In fact, it’s time for leaders among carriers, agencies, trade associations and technology providers to step outside their comfort zone and (proverbially) hug a stranger.
The goals? To eliminate a major industry pain point, maximize digital security, and save hundreds of thousands of hours per year.
Our history of cooperative revolution
The willingness to embrace strangers for the greater good has been the foundation of every truly game-changing technological advance in the independent insurance industry. IVANS, ACORD forms and standards, download, and real-time all were the result of face-to-face conversations. Collaborations such as ACT and AUGIE were borne of a need to make business better for everyone.
