When paired with the powerful capabilities of BPM, rapid application development platforms bind disparate best-of breed systems.
With no legacy systems or business models to transform, digitally born firms have the advantage. But established insurers can take measures to achieve the flexibility of startups.
The assessment process for non-core systems is similar to the process for core systems but with some tweaks to contextualize the approach for the size and scale of the project effort.
Executed in partnership with Celent, the Award recognizes outstanding insurance IT professionals in each of four major regions of Latin America: Mexico, the Caribbean and Central America, the Andes, and the Southern Cone of South America.
Your customers want insurance that’s personalized, innovative, simple, and transparent. The right underwriting partner can deliver all that and more, allowing you to offer unique benefits while improving your own bottom line.
By assessing digital maturity across your organization, you can determine which areas need improvement, prioritize the areas you want to digitize first, and start developing an end-to-end digital transformation plan.
Insurers should develop an enterprise-wide big data strategy as those insurers with the greatest and most enduring big data success will find major competitive advantages. With the advent of InsurTech, the tools to experiment with, test and implement this strategy are now realistically within reach.
In light of the impact of severe weather to insurers, a data-centric approach is a must for today’s insurer seeking to develop and launch product offers that will grow their business and resonate with customers.
Advances in virtual reality are helping to revolutionizing the insurance industry, creating a more efficient, and more cost-effective, marketplace to the benefit of carriers and customers alike.
An efficient and customer-friendly P&C claims process is critical in today’s soft market, where loyalty is fragile at best, and acquiring new customers is expensive.