Customer service is an important competitive differentiator in the prudent day's insurance market. As there are a number of choices available in the market, insurance agencies need to go above and beyond their core service offerings in order to thrive in the competitive industry. By leveraging digitization and innovative solutions, insurance businesses can pave the way to … [Read more...] about How is Insurance Analytics transforming the industry?
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Why insurance industry should adopt a mobile strategy?
Most industries in the marketplace have already embraced mobile technology, yet a few have barely given a thought to it. The insurance industry is one such industry that still needs to step up its digital game. So, what's taking so long for the insurance industry to mobilize its solutions? Traditionally, the insurance industry is lukewarm towards change. In fact, the … [Read more...] about Why insurance industry should adopt a mobile strategy?
The Ways Machine Learning Companies Can Redefine Insurance
Most insurance companies tend to process only a small part of their data ” around 10 to 15%. The rest of the data in their databases are not being processed adequately, meaning that they are probably missing on insights in the data they keep but never analyze. However, in order to analyze the unstructured data that will help you bring on better business decisions and prevent … [Read more...] about The Ways Machine Learning Companies Can Redefine Insurance
Improve productivity in Insurance by leveraging Digital Technologies
A faster turnaround time is a must-have in all service sectors, such as Insurance. First-time rights, low false negatives, and false positives, and standardized workflows are all important for the Insurance domain. Being a process-driven industry, the Insurance sector can be easily transformed into a digital platform by leveraging BPM Technologies or Digital Technologies. The … [Read more...] about Improve productivity in Insurance by leveraging Digital Technologies
Leveraging Insurance Analytics for More Strategic Value
Smart, digital solutions are driving results across all value chains of various industries. And the insurance sector is also witnessing this overhaul. As data becomes more ubiquitous, it is laying the foundation for a data-based ecosystem that can source insights from data - be it from customers, agencies, or even assets. However, such a framework of extracting meaning from … [Read more...] about Leveraging Insurance Analytics for More Strategic Value
