Insurance
HR 3.0: Emerge smarter, engage the workforce
In the past year, the global pandemic has flipped our world upside down. As people continue to struggle to cope with the crisis, one thing has grown to be more valuable than ever: the importance of building meaningful and trusted relationships with each other. As human beings, empathy and experiences with and for one […]
Embracing a truly hybrid cloud strategy supported by an open architecture
Increase flexibility. Insurers must support and manage data, while remaining compliant with security regulations. Cloud computing accelerates digital transformation in four ways: Faster innovation with new technologies made available by partners in the ecosystem Easier access to new types of data, and more ways to analyze it by using AI and analytics Improved ROI by […]
Increasing your resiliency in cybersecurity
Cyber safety first. Organizations within the financial industry are popular targets of cyber attackers. Insurers process large amounts of financial data and personal information from their customers. A breach can seriously damage a company’s reputation, while trust is a prerequisite for a financial company to be in business. Excessive caution constrains legitimate activity, impacting the […]
Rationalizing the current insurance application landscape
Be agile. The insurance business is very process oriented — assembling quotes, evaluating risk, issuing policies, collecting payments, managing claims. The digital architecture of the modern insurer must be equipped for the openness and flexibility that business platforms require. Some legacy systems may work fine and may still be very cost-effective. Others may hinder business […]
Insurance companies are heavily impacted by technology transformation
Improve pricing and underwriting When the pricing of an insurer is not in alignment with market conditions or individual behaviors, regardless whether the price is too high or too low, the result tends to be the same – lost revenue and narrowing margins. Traditionally pricing is based on a cost plus method and methods lack […]
The Race to Digital – And what that means for Insurers
In a world where convenience, speed and experience drive how we interact with each other, the value of creating a personable, seamless digital experience is greater than ever before. As consumers, our last best experience becomes the minimum expectation everywhere. So, what does this all mean for insurers? It means that it is essential for […]