Introduction Growing competition and increasing demands from customers are forcing Insurance agencies to consider investments in advanced AI, ML and other automation solutions. For many reasons, such investments are often…
Introduction Insurance agencies, especially smaller ones are finding themselves facing with Errors & Omissions (E&O) situations. With an average severity of $40,000+ for all E&O claims, the average homeowners is…
Whether big or small, most insurance agencies agree that an Agency management system (AMS) is integral to improve efficiencies and reduce the cost of operations. Many Insurance agencies would have…
The insurance industry is experiencing change on multiple fronts at a rate that has not been witnessed for at least a generation.The rising cost of claims and the complexity of…
Customer experience has become a key differentiator in today’s Insurance market. Customer experience is the fulcrum around which incumbents are going to take on Insurtech challengers. Unfortunately, the insurance sector…
Insurance brokers conduct their business in a fiercely competitive market environment. Insurance brokers need to digitize operations, both internal and customer facing to reduce cost and improve revenues.Digital technologies help…
The Insurance industry is dominated by large national brands and legacy products that have not evolved much in decades. Insurtech companies are the emerging players in this business who are…
The global insurance market is undergoing an unparalleled change due to emerging socio-economic and technological trends. Insurance brokers across the world are facing tremendous challenges in terms of the rapidly…
Last few years have seen quite a disruption in the insurance market. Direct insurance players have used emergent technologies to not only increase their market reach but also disintermediate brokers,…
Policy Checking is a process wherein a renewed policy is checked to guarantee that it matches against the proposal/prior term policy that was generated before renewal. If any variance exists…
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