INSURANCE BARTENDER
SINGLE ENTRY MULTI-CARRIER INTERFACE (SEMCI): AN ESSENTIAL INSTRUMENT FOR AGENTS
For decades independent agents have heard the term, “SEMCI”, which promised to connect them and their clients to their insurance companies faster and more efficient through a single system. Agents were told they would be able to obtain multiple quotes from one application/entry allowing them to easily compare carriers to their customers. The idea of single-entry multi-carrier interface seemed so simple yet proved to be an enormous challenge for the technology juggernauts that power the insurance industry for decades. But WHY?
Granted gains were certainly made in the personal lines arena where commoditization demanded it. Over the last several years, new insurtech startups such as the Internet of Insurance, Tarmika, SEMSEE, Bold Penguin and more have burst onto the scene challenging the status quo and pushing the industry to new heights.
As insurance carriers and independent insurance agents alike have upgraded their technology stacks over the years, these advancements were built on antiquated equipment and tech. It became more and more challenging over the years to leverage technology that burst onto the scene with the advancement of the internet and upload and download. Yet, the industry never truly reached SEMCI-status across all lines of business. Rising technology costs for insurers, the inability to upgrade existing technology, low adoption and demand by agents, etc. were all blamed for the startling, lethargic rise (*cough) of SEMCI over the decades.
June Bug Ingredients
Matt’s Mixology
• 1 oz. Midori • 3/4 oz. Malibu coconut rum • 3/4 oz. banana liquer • 1 oz. sour mix • 1 oz. pineapple juice
Directions
1. Fill a cocktail shaker with ice. Pour in all the ingredients and shake until chilled. 2. Strain into a collins glass over ice. 3. Enjoy and welcome to summer! wisconsin INDEPENDENT AGENT
JUNE 2020
9
