[ad_1] For over a decade, we have pretended to be paperless. We tout the fact that the file cabinets, the 7-part specialized file folders, and massive mail rooms have all been eliminated and reduced, and claim that we are paperless. But we know it isn’t real. Today’s paper is PDFs, excels, and adobe. The filing … Read more
[ad_1] With all the buzz around ChatGPT and generative AI, it’s important to remember that cloud is the underpinning. Insurers will need to replatform by migrating to the cloud to enable innovation and growth through these new and emerging technologies. At the same time, they are taking a hard look at their legacy blocks to … Read more
[ad_1] The tech-powered operating model research shows that a broad enterprise technology strategy is crucial for business success. Part of that success comes from a leader’s ability to scale technology to drive exceptional customer experiences and new value propositions. In support of such an endeavor, insurers, driven by speed to market with new and differentiated … Read more
[ad_1] We are delighted once again to see the spirit of innovation on display in the Qorus-Accenture Innovation in Insurance Awards. This year, through the power of Generative AI, we also uncovered six key trends shaping the future of the insurance industry. Since their inception in 2016, the Awards program has served as a catalyst … Read more
[ad_1] In the ever-evolving landscape of the insurance industry, the management of policies has undergone a remarkable transformation. With technology becoming an integral part of every industry, insurance agencies are now navigating the new waters of insurance policy management, leveraging digital tools to enhance efficiency and provide unparalleled customer experiences. In this era of digital … Read more
[ad_1] From catastrophic events linked to climate change to social unrest, the insurance industry is seeing big claims. While some risks are more easily predicted than others, new data sources may help insurers and customers find ways to turn down the heat. In this Insurance News Analysis, Abbey Compton and I talk about new data … Read more
[ad_1] The insurance industry, particularly Property and Casualty (P&C) insurance, has embarked on an exhilarating journey of transformation. No longer confined to traditional practices, the P&C insurance landscape is now a playground of innovation, disruption, and reinvention. As a player in this dynamic field, keeping your finger on the pulse of trends is not just … Read more
[ad_1] Competitive pressure, increased capital availability (even with current rates), and the evolving business landscape (thanks in part to the pandemic) have created an opportunity for independent insurance agents (IAs) to get creative to grow and remain independent in the insurance industry. As such, many IAs have sought out agency networks that provide benefits historically … Read more
[ad_1] In an era where change is the only constant, the insurance industry has undergone a remarkable evolution. Gone are the days of stacks of paper policies and cumbersome manual processes. The digital revolution has transformed the way insurance agencies operate, and at the forefront of this transformation is insurtech – a fusion of insurance … Read more
[ad_1] The insurance industry and public sector both play a critical role in helping to mitigate risk for customers and constituents. But, as costs to insure property and long-term care in the U.S. rise, states increasingly become the insurers of last resort. In this Insurance News Analysis, we focus on the U.S. market and the … Read more