Displaying "Transformation" articles (25)
Reimagine Insurance with Intelligent Insurance Operations
Whether it’s AI-driven rating, dynamic pricing, robust product personalization, fully operationalized telematics or other essential capabilities, the insurance industry needs more intelligent, agile, and composable solutions to overcome operational challenges and meet elevated customer expectations. This eBook presents a vision for the future of insurance defined by intelligent insurance operations.
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.
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.
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.
Pricing at Speed. Months to Minutes.
Creating a new banking product is an inherently time-heavy process. But some companies can, and do, get this done faster than others.
Driving ROI Through Digital Transformation eBook
Demonstrating IT leadership in the insurance industry today goes well beyond the traditional tasks of automating manual processes, maintaining the status quo, and making incremental improvements in people, processes, and technology. IT has become more deeply embedded in, and more critical to, business success than ever before.