The medical professional liability has completed a phased rollout of the Suite proceeding through Enterprise Accounting, Policy Administration & Billing and Claims & Reinsurance.
The insurer sought a strategic, next-generation technology platform capable of delivering unmatched operational efficiency, harnessing data from myriad sources, and empowering distribution partners.
The solution features easy API integration and provides flexibility across the entire customer lifecycle and the ability to easily manage different lines of business from a single system.
Sapiens’ partnership with VPay aims to help workers’ compensation insurers achieve economies of scale, offer competitive edge in insurance landscape reshaped by digital technology.
The carrier is partnering with Larsen & Toubro Infotech for this business transformation initiative, with a plan for all three organizations to work closely together.
As technological innovation continues to pick up pace in the insurance industry, focus on upgrading underwriting toolkits is growing.
Majesco’s survey report, ‘Strategic Priorities 2021: The Insurance Industry Shift Hits Hyper-Acceleration for Digital Business Models,’ the first of two reports, makes observations crucial to an understanding of priority shifts driven by the pandemic and other factors.
CB Insights Analyst Niall Williams discusses InsurTech-related findings of two recent reports.
Investors will become even more pragmatic and disciplined, narrowing their focus to more mature InsurTechs displaying measurable traction and whose products and services are higher on the insurance industry’s adoption curve.
Beyond digital transformation based on largely proven technology, insurers must patiently explore the capacity of emerging technologies, such as AI and Big Data, for reshaping business processes over the longer term.