Technology changed for an insurance agent?

Question

just wondering how does the technology changed for an insurance agent?

Answer 1

Life and health insurance can be sold via the internet.  No face to face required.  Online applications and instant approvals.  Agents have up to date info on their business with access through the company's portals.

Answer 2

Technology has changed from your manual (book with underwriting & rates), a pen, adding machine & typewriter.  This is when all policies were manually rated and typed, a copy was mailed to the company, one to the insured & one stayed in the office.

Then, the companies started issuing the policies.

Then, we got a computer with a word processor with minimal policy information.  We still had to do manual rating because we didn't have a rater.

Then, we got simple rating machines.

Then, we got rates on the computer for different companies.

The policies from the company got much better looking, their mainframes got bigger and better.

We could finally run MVRs online (agent accessible only).

We still had to run a tape every night to save all of the information entered into the system that day.

We still had paper applications that we mailed to the company to have the policy issued.

We got email!!

Now, we have internet access, all of the companies have internet sites for the agents.  Most of the companies have their rates online for the agents to use & we can issue policies on the sites too.  We have scanning to keep the signed applications on our system instead of in paper files.

WE HAVE MORE WORK & MORE PAPERWORK NOW THEN WE EVER HAD, NOW WE JUST SCAN & DESTROY THE ORIGINAL PAPER.