The new solution enables businesses to meet compliance standards and improve customer experience by providing quick access to historical documents and data across all channels.
For modern insurance companies, test automation is key to ensuring smooth customer experiences and keeping loyal customers.
The auto distributor’s insurance strategy uses data analytics-driven underwriting models to eliminate high origination fees borne by consumer.
Computing-based innovation, driven by ever cheaper technology will continue to double in ever shorter periods of time, with profound implications for the insurance claims process.
The research forecasts that industry cost savings from AI will grow from $340 million in 2019 to $2.3 billion by 2024, as insurers exploit efficiencies achieved through the automation of resource-intensive tasks.
The company rapidly implemented the solution, including deployment of an Adviser portal, sales administration, integrated underwriting engine, commissions processing, reinsurance reporting and CRM and data warehouse integration.
Aspen used Mozart to research, create, and edit policy language for its U.S. operations, helping to the insurer to implement a library of policy forms and endorsements.
An integration with Duck Creek Claims gives carriers access to WeGoLook’s network of over 45,000 on-demand ‘Lookers’ from directly within the Duck Creek Platform.
The vendor has published its first Ready for Guidewire accelerator, designed to help P&C insurers more accurately price driver risk and improve underwriting performance.
Betterview’s strategic departure clarifies its core competency and exemplifies an InsurTech’s ability to adapt or ‘pivot’ in a way that fosters not only its own success, but that of its customers and the insurance industry generally.