Turbulence is inevitable, but mature organizations with sound leaders can overcome the challenges associated with transformation initiatives.
In the digital insurance marketplace, insurers constantly collect data that is weaved into the narrative of our clients’ lives, ut it’s the way we interpret and use this data that creates a story.
Having more knowledge about your current book of business helps you provide a superior customer experience while managing your business risk.
We remain careful not to deviate from the age-old recipes that made us successful. But it is finally time to start rethinking them, and in many ways, reimaging and repackaging them too.
Taking the time to prepare the ground for decommissioning a system yields rewards in the form of a faster rundown, fewer unpleasant surprises, better staff morale, and, ultimately, quicker realization of cost savings.
Connecting a multinational business requires a common platform from which modern business applications can be rapidly created and utilized—all sharing the same data, via a single, intuitive, collaborative user interface which functions the same on any device.
Blockchain has the potential to be a significant inflection point for the insurance industry and the technology is being rapidly shaped to play such a role.
Is there a better way to effectively meet today’s customer communication expectations and achieve ROI than struggling to implement the latest software package?
If a portion of the profit share or bonus expense hits against the current year’s income instead, this can be a significant risk for the company and its shareholders.
Given the strategic nature of the IoT to insurers, it will probably pay to commit and invest in developing a broader, open, non-proprietary smart home solution that can scale over time.