I am often asked about my take on the future of the insurance industry. The industry is not going anywhere, that is for certain. However, I do expect to see a drop in the number of agencies, especially in the independent insurance agency sector, because many will not mold their business practices and processes in time to handle the changes that are taking place. The competition will slowly eat away chunks of their business by simply implementing low-cost or even no cost initiatives, only because they had the foresight to do so.
“River Test” is a new game available for free in the BlackBerry App World for the PlayBook tablet. The app is actually a virtual riddle and claims that it is used by employers in Japan during the employee interview process. It further states that only 10% of the human race can solve this.