Preneed Insurance Innovations

Course overview

All insurance will change over time. It helps an insurance producer to know how insurance has changed over the years, and why the changes. Changes can come based on certain cases, profitability and innovations. Innovation seeks to make small changes in certain processes or even products. Small changes can lead to more significant changes when the innovation demonstrates improved processes or product. As the world changes around us, there are innovations that may be slow to adapt to, yet necessary to remain relevant. An example of that would be Artificial Intelligence. Preneed Insurance funds prearranged funerals so understanding the balance between the use of Artificial Intelligence and human touch is important. Technology in general has helped improve almost every aspect of all lines of insurance. I will focus on how it has improved the Preneed Insurance.