Independent life insurance agents have a data problem. 

According to Ric Hyde, agents may have worked with over 25+ carriers over their career. This means client data is scattered in 25+ systems. For agents focused on delivering great service it means extra complexity and challenge to help clients. 

That is why he helped bring the industry together to create the NIC platform. NIC ingests data from multiple carriers into a single consolidated view for agents. 

It helps with:

1.       Inforce Policy Monitoring: The system can send out notifications to agents or anyone on the policy if a lapsed payment appears.  

2.       Conversions: It can also identify when term insurance has an upcoming opportunity to convert to permanent life insurance. 

Future State: 

Ric and the team are working with carriers to deep link from NIC directly to the carrier systems. Instead of fumbling through all the screens to perform an address change, someone can go directly from NIC to the exact page in the carrier system to make the change.