Welcome to our eleventh edition of Four For the Week (44TW)! To look through past editions, feel free to view our blog. This week we begin with a great article by Stephen Applebaum on why the future is already here in claims, we also reveal some interesting facts on the Saharan Dust phenomenon and tropical storms, followed by one simple communication idea for you to accelerate your career as a salesperson. We close it out this week with tips to avoid insurance claims during this summer season. Enjoy
1. The Future Is Already Here in Claims – Stephen Applebaum
Strategy & Innovation
Claimatic Team
A perfect storm of macro factors has supercharged several trends in the insurance industry, producing almost touchless processes for claims and enabling cycle times of seconds, minutes and hours instead of days and weeks. Advancements in areas such as machine learning, robotics and connected IoT devices will continue to bring a dramatic shift in the way claims are processed, managed and reported and will result in better operational performance and improved customer satisfaction
2. The Father of EQ Reveals 12 Ways to Increase Your Emotional Intelligence – Daniel Goleman
Technology & Connectedness
Ven Shanmugam, President & COO
This week, we’ve started seeing in parts of the southwest the impact of the Saharan dust that has carried 4000+ miles. While this is an annual phenomenon, with over 182 millions tons of dust departing from the western Sahara, this year perhaps brings the most dust we’ve seen in 50+ years in terms of concentration, density and size. While this brings challenges to parts of southwest US in terms of poor air quality, it does help suppress some of the tropical storm system activity in the Atlantic. In a way, a natural mechanism for minimizing damage and claims
3. Your Emails Are 36 Percent More Likely to Get a Reply If You End Them This Way
Strategy & Innovation
Claimatic Team
As any salesperson, PR rep, or entrepreneur can tell you, the rate at which people open and respond to your emails can be the difference between accelerating your career and the pit of despair. No wonder we all spend so much time obsessing about subject lines,exact phrasings, and crafting the perfect ask. But according to research from email software company Boomerang, there’s one part of your messages you’re probably not putting enough thought into – your closing
4. Avoiding Insurance Claims during the Summer Season
Technology & Preparedness
Claimatic Team
Filing a claim is generally a traumatic event for most, especially if it has caused injury for someone. Thankfully, insurance carriers work hard to ensure that the pain from such an event is lessened, specifically minimizing the financial impact and reducing the time to remediate any such damage. However, more and more are moving towards preventing claims in the first place. And the best way to do so is continuing to educate policyholders on simple ways to minimize risks around the home and their loved ones. Here’s an interesting peak at some common claims over the summer season that could be avoided.
