By streamlining quoting, optimizing resources, and automating manual tasks, AI can help increase group insurance sales, boost profitability, and improve the customer experience.

As risk grows globally, insurers need to prepare by switching their technologies over to cloud-based platforms where data flows easily, connectivity is simplified and secure, and insights are visual.

Can commercial and specialty insurers create new trends of their own by turning growing risks into reduced events and claims through agile development of improved products and creative answers to prevention?

Technology enablement, cloud, ecosystems, data accessibility, AI, risks, products, and customer sentiment are pushing insurance out of tradition and into innovation faster than some may like.

The Bureau Circular and Rate Adoption self-serve wizard for Majesco Policy for P&C, continue to meet the demands and expectations of regulatory changes easily and quickly in a more consistent, and autonomous way.

One of the key ecosystem solutions is absence management, particularly for Tier 1 insurers who focus on both large and mid-sized markets. These carriers see absence management as a competitive differentiator and added service to their disability product offerings.

Operational efficiency is key, as companies strive to balance managing operational costs, meeting customer expectations, and growing their business.

With today’s advancements in Artificial Intelligence and Machine Learning technology, insurers can now harness a wide range of data sources and analyze them with objective insights and recommendations.

How can life and voluntary benefits insurers personalize and monetize behavior and expand product development and place their products in exciting new channels by using all of the new devices available in their digital toolboxes?

Niche insurance is growing to support new risks, new market segments and customers who want pricing based on their personal risk.