Although setting up an Enterprise Data Office and maturing this capability is a long journey for most organizations, the benefits that are realized by implementing EDO are almost immediate and long lasting.
Commentary
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RPA Can’t Think: Insurers Should Invest in Cognitive AI
While RPA is trendy at the moment, it’s not the most efficient AI solution for insurance companies to implement. Enterprises will continue to see an increasingly meaningful and foundational impact from cognitive solutions.
A Very Safe CES
Trends observable at the show that insurers must follow include the concept of ‘the home is a safe and secure space’ and monetizing the car as an infotainment center—both involving ecosystem partners.
How Cutting-Edge Carriers Are Earning Back a Big Slice of Their Marketing Costs
A few industry leaders are using predictive analytics to sell high-value ads on their websites—without cannibalizing sales.
Tackling Life Insurance and Diabetes, Looking Beyond the Pandemic
It’s not a secret that life insurers have a vested interest in ensuring that policyholders lead long and healthy lives, but helping them achieve it is also the right thing to do.
Investing in the Investment Lifecycle
As insurers plan out digital transformation initiatives, they shouldn’t overlook their own asset management operations.
A Green Light for White Label Solutions in Life Insurance
White labeled options can help life insurers tap into newer market segments and reach new customers, but carriers need to be operationally agile, data-centric and laser focused on the customer experience.
The Three-step Insurance Industry Makeover
To reach customers who are at once tech-savvy and demanding, insurers needs to leverage the latest technologies and incorporate three major industry shifts into their planning.
Insurers Are Doing More With Intelligent Text Ingestion
ITI can be a useful tool for dealing with the myriad documents involved in the insurance life cycle, but carriers should define the specific use cases they want to address before launching a pilot.
Driving Growth in Life Insurance: Technology Alone Won’t Solve Your Business Problems
The key to increasing life insurance sales in today’s market is creating digital native life insurance products, leveraging technology to redefine the customer journey, and embracing an innovative perspective in a D2C market.