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
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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
5 Best Tips for Adopting Predictive Analytics in Insurance
Insurance companies collect large volumes of data on a day-to-day basis. However, what if this data could be restructured and used for accurately predicting the purchase patterns of the business' most loyal clients? And what if it could offer you insights on how the right offers and discounts at the right time could compel the customers to renew their services? Predictive … [Read more...] about 5 Best Tips for Adopting Predictive Analytics in Insurance
Harness the Power of Artificial Intelligence in Insurance to Gain a Competitive Edge
Artificial Intelligence (AI) in insurance, along with its subsidiaries, in the form of Machine Learning, Deep Learning, etc., has been revolutionizing the industry for quite some time now. It is, therefore, unsurprising that this seemingly niche market enjoys a potential annual valuation of a solid $1.1T. All the transformation and innovation carried out so far are laying the … [Read more...] about Harness the Power of Artificial Intelligence in Insurance to Gain a Competitive Edge
How Is InsureTech Helping CIOs Fulfill Changing Expectations?
The digital transformation across the industries changes the traditional roles and responsibilities of CIOs, and InsureTech is no exception. Traditionally, the CIO role focused on the Information Technology (IT) strategy, initiatives, and implementation. Most of these responsibilities were inward-looking, in the sense that they looked at optimizing organizational efficiencies … [Read more...] about How Is InsureTech Helping CIOs Fulfill Changing Expectations?
