Introduction Insurance software solutions have revolutionized the way insurance companies operate in today’s dynamic and competitive business landscape. These innovative tools offer a multitude of advantages that not only streamline operations but also enhance customer experiences. In this article, we…
Introduction Wireless mobiles, driverless cars, cashless transactions etc were un-imaginable a couple of years back. But they are a reality now. Now if we say insurance services like claims processing, customer service, and data management are all automated, scalable, and…
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…
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 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 Legacy systems are functioning applications that are existing within many organizations. Organizations must decide how best to upgrade or modernize their existing legacy systems to maintain updated and competitive technologies. There are many benefits to modernizing legacy systems, such as…
Introduction Legacy software technologies, applications and systems are developed using older development and coding paradigms. It makes them difficult to maintain and upgrade to newer versions. In addition to the technical problems that can arise, there can be increased costs…
Introduction Traditional software applications are quickly becoming obsolete in today’s competitive digital landscape as businesses strive to remain ahead of the competition. This is where application modernization comes in. Application modernization is the process of modernizing outdated or legacy applications with the…