The Chainsure and WealthChain solutions are designed to help insurers and financial services firms combine blockchain technology with enterprise capabilities to impact multiple areas of their value chains.
CLARA helps workers’ compensation claims organizations to improve the medical management of claimants while reducing the costs of claims with easy-to-use AI-based solutions.
The value propositions for insurers include simplification, agility, and access to better data and analytics; for the platform provider: revenue and the ability to build new kinds of service offering by itself and with platform partners.
TCP’s digital Policy Administration System module, used by major insurers in the U.K. and Ireland, offers billing, claims, reinsurance, a policyholder portal, and distribution management.
Despite being slow to change and often hindered by legacy IT and regulation, insurers must catch up to other industries to build resilience into their systems and become data-driven businesses.
While few consumers seek out ADAS and connected car features, the overwhelming majority of car buyers appreciated their benefits, especially those related to safety.
Honda’s participation gives insurers the ability to use driver scores derived from onboard data with their UBI programs in 43 states.
Despite all the new driver assistance and accident avoidance technologies appearing in newer vehicles, the last two years have seen the largest increase in auto accidents in more than 50 years.
Having helped the regional carrier to get the most out of its legacy claims application, Hyland has paved the way for an optimal transition to Guidewire ClaimCenter.
The Ohio-based carrier has implemented the Guidewire products to increase business agility and enhance agent experience.