"The industry is changing at a rapid pace," said Deann French (photo), vice president of communications for the independent insurance agents of Illinois, and the chairman of the Leadership Exchange Summit Chicago on June 6. "Our members remain vital in this industry should they be willing to stretch out and grow in ways they hadn't thought of ten years ago, let alone five years ago. It's all part of yourself on the stay on top of everything, so that from this moment on we do not lean back to developments and disruptors – we are prepared and we are more progressive as an industry in general. "
Some opportunities in today's market include potential partnerships with so-called disruptors. Instead of seeing these newcomers as companies that turn everything upside down and have a negative effect on the activities of brokers and agents, the French explained, insurance professionals should be aware of what is happening in the market and look for ways to to collaborate with these disruptors on better technologies in their companies that ensure that they remain an essential part of the distribution channel.
Frans emphasized the Leadership Exchange Summit Chicago as a place where these partnerships can get off the ground.
"The more conferences we have here that all people in the industry actually get for these new disruptors and insurtechs – and they can share ideas and see what everyone brings to the table – that will give us more insight into how we can move forward together, instead of leaving certain parts of the distribution channel behind, "Frans said, adding that she encourages everyone to watch the Chicago Leadership Exchange Summit.
"It provides a great opportunity for agents and brokers not only to contact, but also to receive information from a large number of important industry contacts."
Deann French shares insights on this topic and more at the upcoming Leadership Exchange Summit Chicago on June 6. See here for more information or book your ticket here.