The precision offered by building-based geocoding that leverages new, transformational technologies can produce variations in results that are dramatic.
Given these outcomes, one might assume that distribution may no longer be the focus of the top InsurTechs, but that is not the case.
When entire industries face challenges brought on by crises, underwriters must continually investigate and communicate in order to assess and analyze risk for their clients.
As insurers assess and address challenges within their organizations, they are not only solving today’s issues, they are building a more resilient operating model for the future.
Accelerators can save time, money and a lot of frustrations by helping insurer’s PAS implementation, allowing insurers to focus on running their business and relying on key business-related metrics.
The insurance industry will be critical to help companies evaluate the comprehensive economics of resilience—balancing operational elements of resilience with the new cyber threat landscape that impacts the management of volatility.
It’s legitimate for an industry to push back on the adoption of new architectural approaches that have yet to be proven in production at scale, but it’s also important to set sights on a future that balances risk with a best practice approach to IT and infrastructure goals.
Insurers that don’t take action will miss out on the opportunities the pandemic situation uniquely presents for this industry.
The regulations will usher in dramatic improvements by simplifying access to a complete picture of a patient’s medical history.
Coretech combines next-generation technologies, methodologies and insurance core systems that easily consumes InsurTech and data, joins digital insurance ecosystems and can serve as a hub to deliver vastly improved customer experiences.