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.
Using Wheelhouse, agents will be able to more rapidly build targeted landing pages and digital applications which will facilitate faster booking of new business.
The joint strategy aims at providing digitalization and intelligent automation solutions to enable financial institutions to reach higher levels of efficiency and customer experience.
Although setting up an Enterprise Data Office and maturing this capability is a long journey for most organizations, the benefits that are realized by implementing EDO are almost immediate and long lasting.
Aon and Zurich North America collaborated with ACORD in the first data exchange of the ADEPT platform, designed to perform automated, real-time premium accounting reconciliation between insurers and brokers.
While RPA is trendy at the moment, it’s not the most efficient AI solution for insurance companies to implement. Enterprises will continue to see an increasingly meaningful and foundational impact from cognitive solutions.
A few industry leaders are using predictive analytics to sell high-value ads on their websites—without cannibalizing sales.
Pacific Life selected Life.io solutions and SE2 Aurum on the strength of its digital solution suite and its ability to integrate with multiple existing third-party systems.
The PropertyNow solution improves the speed and accuracy of quotes by providing prefill data on key property attributes for locations across the entire United States.
The integrated offering leverages AI, deep learning, 3D modeling, applied mathematics and computer vision to provide insurance carriers with a comprehensive solution to accelerate claims management.