The Louisiana-based self-insured fund will use the solution to improve agent and policyholder experiences and gain greater cloud security and disaster recovery capabilities.
Insurers are already shifting a meaningful portion of overall industry IT spending toward efficiency related goals such as cost reduction and process improvement.
As the result of a strategic focus on ensuring business continuity and system/data protection, Preferred Mutual was already prepared when New York State’s response to COVID-19 required businesses to send non-essential personnel home.
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.
The app establishes a central command center to safeguard the health and safety of employees, tracking health status, location, travel history and any COVID-19 incident details.
How European insurers are weathering the COVID-19 crisis, and five lessons learned for the benefit of markets that are yet to feel the full force of the pandemic.
With researchers discovering new information about COVID-19 and governments and companies around the world reacting to it, insurers’ DR/BC plans need to change constantly along with these updates.
Although data is the heart and soul of businesses, few IT shops have a vision of what the data architecture should look like to effectively meet the business demand for futuristic flexible information system.
Technology officers are consumed by issues such as scalability, security, databases and operational issues, yet few have a structured and systematic approach to manage NFRs.
Developing and executing a cloud strategy is becoming a critical part of the modernization journey for leading insurers. Learn about the four steps that Pekin Insurance has taken.