It remains to be seen what the destiny of InsurTech will be over the long run, but it seems more likely to be a permanent adjunct to the insurance industry and its vendor ecosystem than a passing fad.
Though IT outsourcing allows insurers to effectively staff transformational initiatives, it’s no panacea—and it comes with its own set of unique challenges.
The insurer’s legacy replacement and modernization initiative lays the groundwork for significant expansion in the non-standard personal auto insurance market.
The insurance technology vendor expanded its relationship with AWS because of its portfolio of cloud services, advanced technologies, security and qualities of ingenuity, reliability, and agility.
Ventiv ELM, which can be integrated with Ventiv Claims, is designed to give legal departments total and immediate visibility into every aspect of a legal matter.
Digitization of commerce begins with the customer experience, but in an industry with intermediated sales, distribution partners are among an insurer’s most important customers. The sales transaction is not only a natural place to undertake innovation, but insurers can take advantage of consumer and agent appetite for new capabilities to advance their competitive position. Cloud Read More »
Opting for cloud implementation will enable OKFB Insurance to adapt quickly to changing market demands and enhance customer service.
Rather than reinvent the wheel, insurers should look at the lessons learned by the leaders in other markets and apply the knowledge they have gained.
Purohit’s experience includes successfully leading architecture, design, development, and delivery of large-scale enterprise solutions in financial services, high-tech electronics, and retail industries.
Why insurance modernization is different this time and disruption is inevitable; and how Majesco has developed an insurance platform to support its clients’ entry into the digital age.