Risk Management: Brick by Brick

AI’s Role in Combating the Aging Workforce with Allister Yu of Rhoads Online Institute

Mar 20, 2024

Exploring how AI and technology are reshaping the insurance industry, focusing on workforce management, underwriting claims, and ethical considerations. Delving into the use of technology for analysis, growth, and combating the challenges of the aging workforce.

16:09

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Episode guests

Allister Yu

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Episode notes

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Quick takeaways

Technology is shaping insurance industry by enhancing producer experience through automation and data integration.

AI and automation in insurance industry raise ethical considerations for data privacy and compliance.

Deep dives

Technology's Impact on Insurance Industry

Technological advancements are significantly shaping the insurance industry by enhancing the producer experience. Tools are being utilized for onboarding, credentialing management, and ensuring efficiency throughout different phases of the producer's lifecycle. Automation, data warehousing, and integration between systems are key elements being employed to streamline operations and improve overall efficiency.

Introduction

2min

Technology's Impact on Insurance Industry

5min

Exploring Technology in Workforce Management and Underwriting Claims

2min

Revolutionizing Insurance with Technology

5min

Ethical Considerations in Protecting Business Data and Supporting Risky Projects

2min

On the latest episode of Risk Management: Brick by Brick, Jason Reichl is joined by our first return guest, Allister Yu, the Senior Vice President of Operations at Rhoads Online Institute, a technology transformation company providing automated compliance systems and services for the insurance industry.

In this episode, Jason and Allister explore how businesses are implementing new technologies today for analysis and growth, how AI and technology can be leveraged to combat the challenges of the aging workforce, and how insurance companies can stay on top of ethical considerations when introducing new technology.

To find out how TrustLayer manages risk so that people can build the physical world around us, head to TrustLayer.io.

Podcast Host: Jason Reichl

Executive Producer: Don Halliwell

Episode Highlights:

00:00 - Intro
01:25 - How Technology is Currently Shaping Insurance
04:07 - Real Life Use Cases of Technology
07:10 - Using AI for Underwriting Claims
08:55 - Why is Now the Time for Technology Use?
11:30 - Using AI Ethically
14:31 - Where to Find Allister
15:20 - Outro

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Risk Management: Brick by Brick is handcrafted by our friends over at: fame.so

Previous guests include: Seth Hausman of Kraus-Anderson Insurance, Matthew Meyer of The Horton Group, Diana Rich of Foundation Building Materials, Christy McHenry of Suffolk Construction, Mark Rieder of NFP, and Cory Mangum of Primoris Services Corporation.

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Risk Management: Brick by Brick

AI’s Role in Combating the Aging Workforce with Allister Yu of Rhoads Online Institute

Episode guests

Podcast summary created with Snipd AI

Quick takeaways

Deep dives

Technology's Impact on Insurance Industry

Data Utilization and Automation for Efficiency

Role of Technology in Ethical Considerations and Data Security

Remember Everything You Learn from Podcasts