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.
carriers require a reinsurance management solution that can handle increasingly complex reinsurance scenarios while at the same time providing transparency into the health of their reinsurance operations and portfolio, allowing them to stabilize underwriting results and increase capacity.
When we look at all that today’s tech-enabled underwriting can accomplish and how it reallocates crucial resources to the brainy tasks, it makes its case.
APIs enable digital experiences, simplify application integration, underpin new digital products, and make data and services reusable and universally accessible.
In many instances, technology’s role in building resilience is growing more ‘human’ in its capabilities, and insurance’s new human factor may enable it to become more resilient.
For years, commercial underwriters have been attempting unimaginable feats of balance and dexterity—trying to keep the company’s interests, agent and broker interests, and customer interests all in focus at the same time.
