Richard Stamets - Enabling Agencies with AI

In this episode of the Power Producers podcast, David Carothers speaks with Richard Stamets, Chief Commercial Officer of BluePond AI, about the transformative role of generative AI in commercial insurance. They discuss BluePond’s AI-driven solution, the Broker Co-Pilot, which has been designed specifically for insurance with functionalities for policy checking, quote comparison, underwriting submission ingestion, and claims ingestion. Richard shares insights into how BluePond’s generative AI technology not only automates and improves accuracy in policy comparison but also assists brokers by identifying selling behaviors and enhancing operational efficiency.  Key Points: Generative AI Explained: Large language models (LLMs) like BluePond’s AI go beyond simple data processing, understanding and generating complex insurance language. Enhanced Productivity: Automating policy reviews and comparisons means less time on tedious tasks, freeing brokers and CSRs to engage in more valuable work. Adoption and Change: While AI adoption has been slow due to industry hesitance, the technology is here to stay, much like the evolution of the internet. Agencies embracing it early will be positioned for long-term success. Collaboration Over Competition: New tech fosters collaboration among different firms, creating stronger, comprehensive solutions for brokers. Connect with: ·       David Carothers LinkedIn ·       Richard Stamets LinkedIn ·       Kyle Houck LinkedIn Visit Websites: ·       Power Producer Base Camp ·       BluePond AI ·       Killing Commercial ·       Crushing Content ·       Power Producers Podcast ·       Policytee ·       The Dirty 130 ·       The Extra 2 Minutes