Hang up and make money. (E-Fusion Conference: Retail; Technology).If an insurer An individual or company who, through a contractual agreement, undertakes to compensate specified losses, liability, or damages incurred by another individual. An insurer is frequently an insurance company and is also known as an underwriter. lines up its agents with Web access to vital functions (Physiol.) those functions or actions of the body on which life is directly dependent, as the circulation of the blood, digestion, etc. See also: Vital , it can reduce the two to four weeks of phone calls and faxes it takes to issue a policy into a few minutes spent online, resulting in a 90% reduction in the production and distribution costs distribution costs distribute npl → Vertriebskosten pl per year, and a 77% reduction in staff time, said Matthew Matthew one of the twelve disciples. [N.T.: Matthew] See : Evangelism Josefowicz, a senior analyst with Celent Communications. "In small business, when you are dealing with very small premiums, anything you can do to reduce staff time is critical," Josefowicz said. As a result, nearly all agents will be using Web-based technology in the next two to three years, he said. Web-based technology has allowed the Iroquois Iroquois Any of the North American Indian tribes speaking a language of the Iroquoian family and living at the time of European contact in a continuous territory around Lakes Ontario, Huron, and Erie. Group to grow from a small family-run agency into a network of 1,330 independent agents, said Laurie Branch, chief financial officer of the Iroquois Group. The group has relationships with 75 carriers and writes $2.5 billion in premium annually. Based in Olean, N.Y., Iroquois has agents in more than 30 states who log on to the Iroquois Web site to search for carriers to place business with. Money Well Spent U.S. insurance industry spending on information technology is increasing, and a Celent Communications Report indicates the trend will continue. 2001 $16.8 2002 $18.0 2003 $19.3 2004 $20.6 2005 $21.6 Source: Celent Communications Note: Table made from bar graph |
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