The provider’s XCEL Analytics enables early identification of potential large-loss claims, improving both financial and medical outcomes.
The vendor says the partnership with AWS will enable it to more effectively help its clients transform their market offerings.
The acquisition expands Majesco’s growth potential and enhances domain depth as insurers seek successful digital and business transformation.
The insurer’s Medical Risk Retention Group is using the systems to improve policy and claims efficiencies, deliver enhanced service to customers and minimize maintenance costs.
The partnership aims to give Duck Creek customers access to business and functional expertise to drive faster time-to-production and deliver superior ROI.
The CIO and leadership teams will be ultimately judged by how they conduct themselves both during this time and after we return to “normal.”
Celent explores three possible scenarios as an opportunity to explore the effects of the Coronavirus crisis on the insurance industry and encourage agile planning in response to a changing environment.
Overall insurance companies with diversified business, sound investment patterns and good reinsurance coverage will survive and grow after some short-term pain.
OCC’s digital transformation included a new homepage, a new brand/logo, a new corporate design, a new tone of voice, an online calculator for insurance rates, the possibility to take out insurance online and also to manage contracts online.
Migration to cloud allows insurance and financial companies to focus on their core business and innovation during the good times, and weather the storms during major challenges, rather than investing in costly infrastructure and then spending hard-earned money on IT and application support.