Last Updated on: April 12, 2023
Facebook
Twitter
LinkedIn

In this episode of The Power Producers Podcast, David Carothers and co-host Kyle Houck interview Anurag Sha, CEO & Co-Founder of Aureus Analytics. Anurag discusses the use of AI and machine learning in the insurance industry. They talk about Donna for Agents and discuss the future of AI and machine learning in the insurance industry.

Episode Highlights:

  • Anurag discusses the advancement of AI and machine learning in the insurance industry. (4:05)
  • David discusses how he plans to use ChatGPT to create a book about return-to-work programs as a marketing leave-behind for his company. (7:54)
  • Anurag explains that the fear that artificial intelligence will take people’s jobs is unnecessary because it is still artificial and requires humans to ask different questions. (10:52)
  • Anurag shares his engineering and software development background, which includes working with large amounts of data and systems that learn from other systems. (16:52)
  • Kyle discusses the importance of collecting data from customers in real-time without having to ask them, as this can help them make more informed decisions. (22:52)
  • Anurag discusses the importance of focusing on what the customer does rather than what they say. (27:04)
  • Anurag explains how DONNA was developed through testing with agencies. (33:31)
  • Anurag discusses the three perspectives of sentiment: probability, prediction, and actual opportunity that can be used to develop a program to run life insurance, build a whole line out of it, or grow the business out of it. (39:45)
  • According to Anurag, machine learning models are constantly learning from both positive and negative outcomes and can be used to measure close rates and improve predictions. (42:27)
  • David mentions that DONNA’s tool helps agencies maximize efficiency and cross-sell opportunities by looking through their existing book and showing them where they have opportunities. (49:07)
  • Anurag believes that automation is getting better over time because networks and associations are recommending it and carriers are using it. (52:44)
  • Anurag shares that DONNA’s main goal isn’t just to sell software, but also to help clients improve how their businesses work. (57:39)

Tweetable Quotes:

  • “I think people are becoming more and more open to considering options to make their lives easier.” – David Carothers
  • “Our goal is to help the business and have a focus on the end consumer, the policyholder, right? If the focus is not just on your own business, but also on the customer, that’s really where the value is.” – Anurag Shah
  • “We realize that what we’re doing is not selling software, we are basically helping you build a better business.” – Anurag Shah

Resources Mentioned:

The Power Producers Podcast where we are refining and redefining the sales game.

Kyle Houck

Insurance

From Med Device to Middle Market: Lessons on Sales, Risk Management, and Reinventing Yourself in the Insurance Industry

Reinvention is one of the most powerful themes in the insurance industry. Some of the best commercial producers in the country did not grow up wanting to sell insurance. They did not study risk management in college. They did not come from an agency family. They found this industry after they tried something else. They found it after life pushed them toward a career where performance, autonomy, and mindset determine the outcome.

Read More »

From Executive Leadership to Field Underwriting: Lessons Producers Can Learn from Aaron Puchbauer’s Transition into Middle-Market Insurance

The most successful producers in the middle market did not get there because they quoted faster, smiled bigger, or knew how to talk longer. They got there because they learned how to differentiate themselves so clearly that prospects had no choice but to see them as trusted advisors. They learned to operate like businesspeople first and insurance technicians second. They learned how to tie operational mechanics to insurance outcomes. They learned how to control their time, their pipeline, and their future.

Read More »
Commercial

From Newcomer to Contender: What Commercial Insurance Producers Can Learn from Pam Seidler’s Middle-Market Journey

The commercial insurance industry is one of the few professions where someone can enter with no experience, no connections, and no background in risk management and still build a long, lucrative career. But success is never automatic. It requires hunger, humility, curiosity, and the willingness to keep showing up even when the process feels overwhelming. That is why the story of Pam Seidler has already started making waves among new and aspiring commercial producers.

Read More »
Insurance

How AI and Automation Are Reshaping Independent Insurance Agencies

In an industry where tradition often outweighs innovation, artificial intelligence and automation are slowly but steadily reshaping how independent insurance agencies operate. The push toward smarter, more efficient workflows is no longer a matter of if—but when. While many agencies are still evaluating how AI fits into their operations, early adopters are already reaping the benefits of streamlined submissions, faster processing, and actionable data insights.

Read More »
Producers

Coaching, Competition, and Consolidation: Inside the Protege Mindset That’s Reshaping the Future of Insurance Producers

The commercial insurance industry is changing faster than ever—and not always for the better. Consolidation is accelerating. Service levels are declining. Private equity is pushing agencies to scale in ways that strip out the personal touch that once defined the independent channel. But for the producers willing to do the work, lean into mentorship, and sharpen their craft, this isn’t a challenge—it’s an opportunity.

Read More »

Test Message

Killing Commercial Login