Peter McMurtrie, a partner at West Monroe, stops by the show to discuss the evolution of AI in the insurance industry. Peter says the industry is currently focused on agentic AI and workflow orchestration, and he highlights key challenges such as data quality, governance and workforce readiness. Peter urges firms to avoid getting caught up in "AI Theater" by having a clear business case and ensuring the right use of AI tools. The conversation also touches on the potential for AI to improve decision velocity and quality in complex claims and underwriting.

More Insights from West Monroe

• Insurance Modernization Under Pressure
• Powering the Future of Insurance with People and AI

Ken Hullings, EVP Client Success - Institution Channel at LPL Financial, stops by the show to discuss the state of the financial advisory industry and outline key findings from LPL's Institution Benchmark Report. The report analyzes growth trends across more than 1,000 banks and credit unions on the LPL platform, representing over 7,000 financial representatives. This year's findings reveal a critical vulnerability: despite strong year-over-year growth; just 20% is organic, leaving most institutions exposed to market shifts and advisor turnover that they cannot control.

Ken also discusses four key trends firms would do well to embrace and also shares his bold predictions about how the advisory industry will evolve in the next year.

Read the full Institution Benchmark Report.

It's time to end our fantastic week at the Futures Industry Association's Global Cleared Markets Conference. And who better to help us bring this incredible week to a close than Nicholas Garrow, the Chief Strategy Officer at Trading Technologies (TT).

Garrow shares his insights on 24/7 trading and discusses the bifurcation of interest in prediction markets between financial and non-financial events. Garrow also recaps key points from the panel TT hosted on prediction markets for institutional traders. He then outlines TT's new FX trading capabilities, fixed income initiative, and how the recent acquisition of Open Gamma helps clients with margin optimization. Additionally, Garrow highlights the growing interest in energy and power trading, emphasizing TT's multi-asset strategy and commitment to enhancing trader services.