Cognitive computing makes possible the development of cost-effective solutions that simplify and optimize workflow processes and maximize efficiency.
To keep up with modern consumers businesses need adaptable, cost-efficient, and easy-to-use platforms that allow them to move with the tide of evolution meet the expectations of a new generation of customers, and technologies.
Some carriers have seen the opportunity to insure Bitcoin transactions, but industry experts see a variety of potential applications for bitcoin and the blockchain ledger infrastructure that insurers must explore.
A modern onboarding solution designed for today’s insurance organization automates the collection of a producer’s demographic information, licensing, contracting, and appointing phases of the insurance producer-management lifespan.
Whether insurers opt to wrap or replace their legacy systems, the decision to digitally transform systems of record with systems of engagement is the only way to succeed in today’s competitive business landscape.
Onboarding may not be a rainmaking activity, but it’s clear that streamlining compliance can be a very smart business investment. The question is how to make it happen.
Insurers are most successful with their predictive analytics models when the proper predictive models, data and infrastructure converge—but mindset is also key.
With the upcoming August 29th implementation of the FAA’s Part 107 Small UAS regulations, insurance companies will be able to start using UAV (unmanned aerial vehicle) technology to its full potential.
Insurers using a manual process often lose top-performing producers and business to carriers that are using more modern, automated solutions.
There are fewer and fewer deals to be had and more and more vendors in the marketplace chasing those deals.