Insurance and Technology

The past two years have shaken the historical assumptions underpinning insurance and business models. The "Great Recession" has exposed underlying issues within the P&C insurance industry ...Read More

The past two years have shaken the historical assumptions underpinning insurance and business models. The "Great Recession" has exposed underlying issues within the P&C insurance industry which are contributing to a lack of underwriting profitability which has proliferated in the industry for over 25 years, accumulating a deficit of almost half a trillion dollars at the top as highlighted by the Insurance Information Institute (III).
This new normal requires a new path forward. A truly new path must employ a modern, functionally-rich policy management solution to enable four key business transformation areas:
1. Customer centricity, expectations and insight
2. Innovative and rapid product development
3. New distribution channels
4. Underwriting and service excellence

Businesses and agencies in long-term relationships with their customers, citizens or subscribers will be
judged by the accuracy of the records they hold, the consistency of the communications that take ...Read More

Businesses and agencies in long-term relationships with their customers, citizens or subscribers will be
judged by the accuracy of the records they hold, the consistency of the communications that take place, and
the speed, efficiency and fairness with which each case, claim or contract is processed.

Financial institutions and payment processors are exposed to payment fraud more than ever before. It has become one of the greatest challenges faced by virtually all businesses. This white paper from