So the tagline is possibly a little bit dramatic, and might make you think about 'I Robot' or 'The Terminator' with robots taking over the world - but let me refer to the original intent of robotics/technology alluded to in both movies: that it is there to serve society.
Chris Brycki and Stockspot are seeking to eliminate the bias and emotion that can cause bad decisions, and in my opinion robo-brokers in the insurance sector will be equally valuable, reducing human error and providing a more transparent unbiased service.
I will reiterate that I am not dismissing human interaction in the insurance process, and certainly the intermediary will ever be of value, particularly on large, diversified, complex transactions. However, striking a balance with technology that frees up the experts to do what they're best at has got to be beneficial to all parties...?
One of the main problems with traditional financial advice is the humans behind it and the structure of the industry they work in. Remuneration is a huge problem, as we have seen repeatedly from the recent bank scandals. Advisers or their employers get paid from the financial product they’re selling; as a result, the products many advisers recommend are not in the client’s best interests.