With the right CFO outsourcing partner, insurers can take their business to the next level without the cost and maintenance of infrastructure that is not core to their business.
Without considering IT’s expertise up front, and without factoring ease of implementation into the overall product design, insurers can end up creating unnecessary costs and delays.
Although we might be decades away from realizing the vision of fully autonomous transportation, there are useful insights to be gained for today’s strategies in thinking through the possibilities.
In addition to bringing cyber experts into the underwriting process, brokers, insurance carriers, clients, and legal experts must increase their technical acumen when it comes to cyber.
Now is the time to accelerate innovation and adapt to the changing risk landscape, improve operational efficiencies, evolve products and enhance the customer experience.
The cyber liability market is growing faster than other commercial lines, and new analytics and modeling technologies can help compensate for lack of history and experience.
Companies that fail to adapt will find themselves scrabbling over an ever-dwindling pie of revenue, but those that do adapt could find themselves at the forefront of a new golden age of life insurance.
Customers will jump ship if they don’t feel they are getting the personalized experience they expect from brands.
To be successful, data science programs need to be tied into carriers’ strategic goals and secure strategic clear support from the top of the organization.
Improving core system platforms, emerging technologies, and increased availability of niche third-party data sources are allowing insurers to operate specialty lines more in-tune with their main business.