Displaying "Transformation" articles (11)
Top 5 Insurance Trends to Watch For
Explore the top five trends reshaping insurance, from AI adoption and data quality challenges to legacy modernization, regulatory pressure, and rising demand for personalization.
2024 Insurance Industry Trends Report
After years of uncertainty, many insurers are ready to take the next steps to implement more effective strategies to grow their business and stay ahead of the competition. How are 431 global insurance executives responding to the latest trends shaping the industry?
Insurers Can Avoid Cyber Attacks Amid Increased Cybersecurity Concerns
As insurers embrace new digital channels, avoiding ransomware, data breaches, and other cyberattacks is their top priority. Survey results from the Earnix 2023 Industry Trends report: Insurance Operations in a Changing Industry and additional statistics provide even more insights.
Shoring up the Bottom Line: Insurers Prioritize Profitability Over Growth
As global P&C insurers continue to face lingering economic conditions and challenging markets, many are now focused on profitability instead of growth. Innovative new technologies can help insurers increase profitability in uncertain times like these.
Climate Change's Impact on the Insurance Industry
The insurance industry is feeling the impact of climate change, prompting insurers to reevaluate their strategies. They're wrestling with the necessity for new models that don't solely rely on historical data to anticipate and manage risks resulting from changing weather patterns.
Uncertain Economic Conditions
Insurers reported factors such as ongoing supply chain issues, inflation, and new insurance regulations would be some of the most significant macroeconomic conditions they expected to face in the next two years.
Innovation Roadmap for the Insurance Industry
Earnix’s Model Accelerator overcomes software constraints by allowing Data Scientists to choose their preferred tools for modeling. Now, any machine learning model can be imported seamlessly into Earnix for underwriting, pricing and rating.
Modernizing & Upgrading Insurance Underwriting
With new technology and the assistance of a reliable and knowledgeable partner, insurers can move rapidly to generate improved business results. Now is the time to move forward with modernizing and upgrading underwriting in insurance.
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