Successful initiatives are very much about the partnerships that form coalesce between vendors, consultants, systems integrators and, of course, the ultimate end-user, the client.
Honest appraisals of project success will allow insurers to adjust systems to achieve the best possible results, will help them validate goals, and will educate carriers on ways to improve in future initiatives.
Insurers, potentially in partnership with InsurTech startups already exploring solutions, can address the challenges emerging from the growing elderly demographic in three key ways.
Insurers are looking to technologies such as telematics, video cameras, and cellphone blockers, as well as the data captured by these innovations, to help assess and price risk more accurately than ever before and ultimately reverse the trend of unprofitability in commercial auto.
Though IT outsourcing allows insurers to effectively staff transformational initiatives, it’s no panacea—and it comes with its own set of unique challenges.
What the first three episodes of the final season can teach us about the challenges the insurance industry faces today.
Companies taking on the challenge to modernize the means by which they engage with consumers can issue policies faster, cheaper and build long-term relationships with a more profitable customer base.
How the insurance industry can encourage real change through engagement with distracted drivers.
With the right CFO outsourcing partner, insurers can take their business to the next level without the cost and maintenance of infrastructure that is not core to their business.
Without considering IT’s expertise up front, and without factoring ease of implementation into the overall product design, insurers can end up creating unnecessary costs and delays.