Introduction Insurance policies protect people and organisations from financial losses during the most upsetting times of their lives. According to studies, the majority of consumers believe that insurance companies will do everything possible to avoid paying claims. What AI can…
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Introduction The insurance industry has been relatively slow to adopt new technologies. But that is changing rapidly as insurtech companies are emerging and disrupting the traditional insurance market. Insurtech is a term used to describe the intersection of insurance and…
Introduction Insurance data ownership is a complex and important issue in the insurance industry. It involves various stakeholders such as policyholders, insurers, and regulators. It is important to understand the rights and responsibilities of each of these stakeholders in order…
Introduction Insurance compliance management (ICM) is a crucial aspect of running a successful insurance business. It involves ensuring that the company adheres to all the regulatory requirements and industry standards Additionally, it makes sure that all procedures and guidelines adhere…
Introduction Data is becoming increasingly important in today’s business world. Companies are utilizing data to gain insights into customer behaviour, to make better decisions, and to improve the customer experience. Data can be divided into two main types: structured and…
Introduction MGAs – Managing General Agents and other entities are required to verify the producer data they receive. Numerous regulatory authorities have started to develop and enforce data integrity rules in recent years.. This is a required adjustment because the…
Introduction Custom software development is that the ultimate solution the bulk of companies come to eventually. However, before taking such an enormous breakthrough, it’s important to possess sufficient resources. Many small and medium-sized businesses don’t have the budget to choose customized software. So, whenever they have certain functionality, they invest in off-the-shelf programs. As…
Introduction Data-driven decision making is the process of reaching conclusions based on data to advance company growth (DDDM). Companies overcome prejudices and make the best managerial decisions that are in line with their strategy by using the appropriate KPIs (key…
Introduction Franchise businesses have been a cornerstone of the global economy for decades. From fast-food chains to retail stores and service providers, franchises have provided entrepreneurs with proven business models and established brand recognition. However, in the digital age, the…
Introduction Franchising has become a popular business model over the years. It gives business owners a method to run a successful operation with a well-known name and structure. However, the industry is not without its challenges. The technology barrier is…
