Insurers face unprecedented pressure to develop innovative products that align with shifting customer needs while maintaining overall profitability. Customers expect insurers to anticipate their needs. It’s an expectation derived from the customer’s everyday experiences with everything from streaming media to retail stores.
Meeting the accelerating pace of change necessitates new analytical infrastructure. Legacy technologies constructed of numerous systems, are not up to the task. Insurers must react quickly to adopt a single infrastructure pricing and rating engine solutions that ensure fast, compliant products tailored to customer needs.