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Displaying "Transformation" articles (63)
How Modern, Comprehensive Pricing & Rating Solutions Are Reimagining Insurance
Today the insurance industry faces a significant challenge associated with legacy pricing and rating tools. Many architectures still rely on a high number of disparate, disconnected systems that require too much effort to maintain and other clunky workarounds.
Pricing Automation Helps LINK4 Boost Speed and Business Success
“We were looking for a much more modern pricing and rating platform. Our past approach used an on-premise mainframe-based system that simply wasn’t as reactive as we needed. It took too long to create new pricing models, make changes, and respond to real-time opportunities in the market.”
Empowering Relationship Managers in their Digital Journeys
Throughout its history, banking has relied heavily on personal relationships to achieve many of its business goals. Relationship managers (RMs) have served as the “face” of the bank in providing sound business advice, acquiring new customers, and uncovering new sources of revenue within existing accounts. The most powerful combination for banks’ success is to equip Relationship Managers (RMs) with technology that allows them to extend the personal touch customers crave, the power of satisfying customer experiences (CX).
Your Roadmap to Accelerating Digital Transformation
Traditional banking is well behind other consumer-facing sectors such as Retail, Healthcare Payers, and Telecom, and those sectors are setting consumer expectations that banks must meet to be successful. Driven by their experiences elsewhere, banking customers have come to expect offers crafted just for them, delivered whenever is convenient for them, and through the means and media they choose.
Complete Automation Leads to Price Modelling Success for BGL Group
BGL Group is always looking for innovative, advanced solutions to deliver the best product offerings, service and value to its customers. To this end, BGL employed Earnix’s advanced pricing solution for meeting the needs of internal users and making the company more competitive.
10 Insurance Technology Trends Reshaping the Industry
A number of high-impact business trends are shaping and reshaping the insurance industry as we speak. Capgemini’s Executive Vice President, Seth Rachlin, Ph.D., shares his thoughts on why companies need to “prepare for the world as it is today, and not as it used to be.”
Meet New Regulatory Changes Faster & Easier
The UK’s Financial Conduct Authority (FCA) aims to tackle ‘Price walking’ through the implementation of new rules that protect consumers from loyalty penalties related to various insurance products. These updates are likely to change the insurance industry as firms will now have to offer renewal prices that are no higher than the prices offered to new customers.
The Surprisingly High Cost of Delaying Tech Adoption
Traditional pricing and rating systems tend to be individual, siloed applications that require too much time and manual effort to make them work - causing significant pricing delays and missed opportunities. In this eBook, we will delve into why insurers have not focused on new technology and describe the nine capabilities every insurer should demand as they evaluate new rating and pricing technology.