How technology and professional trends are shaking up insurance

DXC

These trends resonate strongly across the insurance industry, which has undergone significant change […]. Insurance digital trends

How Omni-Channel Digitization is Transforming Insurance Industry

ShepHertz

Insurance, ever since it began, has always been a seller’s market. The post How Omni-Channel Digitization is Transforming Insurance Industry appeared first on ShepHertz App42 Blog. It has enjoyed complete control of the buyer and provider relationship for over hundred years.

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Risky business: Why a rapidly changing insurance landscape necessitates a bold approach

DXC

The business of insurance is to define, evaluate and mitigate risk. But risk is becoming less predictable, and customer expectations for the purchase and delivery of insurance are changing. InsuranceThat puts added pressure on the industry to appropriately assess and cover risk, while also taking advantage of the growing opportunities that result from changing global […].

Why is test automation the next big game-changer in the insurance industry?

Trigent

In a world where technology is creating on-demand and bespoke experiences, the insurance industry is ready for disruption. Application Testing insurance Quality Assurance Software Testing Test Automation insuretech bfsi

Beyond the Findings: The Case for UX Research in Digital Transformation

Speaker: Marina Foglietta-Tereo, Head of UX Research, AXA Insurance

People often think of UX research as a tactical approach to improve the usability or visual appeal of a digital product. While good research will certainly validate an existing design, using it for validation alone would be like using your iPhone solely to tell time! Join Marina Foglietta-Tereo, Head of UX Research at AXA Insurance, as she explores the unrecognized organizational, cultural, and strategic benefits of an in-house, central and mature UXR team.

Outcome-Based Claims Assignment: The “New Grail” of Insurance

DataRobot

If you’re a commercial insurer, how do you evaluate your claims personnel? How do those evaluations impact your decisions on how to deploy individual adjusters? AI Across Industries

Top 3 Challenges to Data Science and Machine Learning Adoption in Insurance

Dataiku

In its 2019 CIO Agenda: Insurance Industry Insights, Gartner cited increased interest in the industry to move toward data science and machine learning use cases.

The Immediate Technology Insurance Companies Need to Keep Customers

Zipwhip

This is especially true in the insurance space where phone calls and emails are heavily relied upon for tasks such as gathering photos to resolve claims, reaching out to existing customers to renew policies or scheduling appointments. Where does your insurance company stand?

Telematics and the Digital Makeover of the Insurance Industry

RapidValue

Most industries have taken to this change like a knife through butter, with an example being the insurance industry. By automating several of their processes, the industry has been able to save a lot of time and costs which is a complete win for both the insurer and the insured.

Individual Plans vs. Employer Health Insurance

Women on Business

We've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link]. Women On Business Sponsors

Why Women are Smashing the Glass Ceiling in the Insurance Industry

Women on Business

Reader Submission Entrepreneur insurance small business ownerWe've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link].

Insurtech: present and future of insurance companies

Apiumhub

These last two factors open up a whole new world of insurance needs that didn’t exist before, hence the need for a technology that’s up to the task. There’re lots of new possibilities in adopting these new technologies for insurance companies. Just to name a few: Insurance of Things.

Influential National Association of Insurance Commissioners (NAIC) Moves On Cyber

CTOvision

Cybersecurity practitioners and policymakers have long been discussing the potential positive benefits of smart insurance policy and standards to reduce risk. The National Association of Insurance Commissioners (NAIC) is the U.S. By Bob Gourley.

The Top Pros and Cons of Purchasing Business Insurance

Strategy Driven

And this is where business insurance comes in. But although business insurance undeniably has its benefits, there are a few things to consider about it before taking the leap and investing in the cover. One downside to business insurance is that it can be expensive.

Register for Our Upcoming Webinar: The Communication Imperative for the Insurance Industry

Zipwhip

PST to explore how the insurance industry can improve communication with customers to excel in the digital age. Mr. Breading is known for his insights on the future of the insurance industry and innovative uses of technology. Best Practices Consumer Preferences Insurance Webinar

5 Ways to Save Money on Business Insurance

Women on Business

Women On Business Sponsors business insurance We''ve Moved! Update your Reader Now. This feed has moved to: [link] If you haven''t already done so, update your reader now with this changed subscription address to get your latest updates from us. link].

The Surprising Truth About AI in Travel Insurance and Beyond

CEO Insider

When it comes to “personalization” as part of the consumer experience, many companies are overlooking what’s important. You’ve probably received email pitches that include your name in the subject line or wish you a happy birthday around the day you were born, but did they make you want to know more?

10 cyber insurance selling points

CTOvision

Read Elana Ashanti Jefferson list top ten reasons why companies, small and big, should buy cyber insurance on Property Casualty 360 : In a move that reflects the growing urgency for companies, organizations and institutions worldwide to proactively face down and mitigate cybercrime, Beazley, a longtime cyber insurance market leader, announced recently that it has […].

How to Manage Risk with Captive Insurance Companies

Strategy Driven

Insurance is a complicated, yet important, aspect of any company. Yet, not all businesses can be covered by traditional insurance companies. For them, there are captive insurance companies that cover businesses that traditional insurances find too risky.

Getting Insurance or Opening a Bank Account: Which Is a Wiser Choice?

Strategy Driven

To become secured financially, especially for dire emergencies, you can avail yourself of life insurance with investment in the Philippines. Investing means a lot of things: it can be a real estate property, bonds, stocks, or insurance policies. Is getting insurance worth it?

Global Firms Under-Insured Despite Breach Concerns

CTOvision

Half of global organizations still don’t have cyber insurance, despite the majority believing cyber-attacks will increase next year, according to FireEye. The security vendor polled 800 CISOs and senior executives across the globe to compile its new Cyber Trendscape Report. More than half (56%) said they believe the risk of attacks will grow next year and 51% […].

Why Your Business Needs Insurance

Strategy Driven

Commercial insurance is every business’s best friend. Whether something happens to your inventory or you need to pay worker’s compensation to an injured employee, commercial insurance can help you deal with it. You just finished reading Why Your Business Needs Insurance !

Powerful Reasons Why Entrepreneurs Need Life Insurance

Women on Business

We've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link]. Women On Business Sponsors

5 Essentials to Review in Your Small Business Insurance for the New Year

Women on Business

Small Business Women On Business Sponsors business insurance small business We''ve Moved! Update your Reader Now. This feed has moved to: [link] If you haven''t already done so, update your reader now with this changed subscription address to get your latest updates from us. link].

The Top Five Benefits of Small Business Insurance for Your Growing Enterprise

Women on Business

Women On Business Sponsors insuranceWe've Moved! Update your Reader Now. This feed has moved to: [link] If you haven't already done so, update your reader now with this changed subscription address to get your latest updates from us. link].

Gamification: A Game Insurers Must Play

NIIT

When it comes to influencing customer behavior, gamification is one of the most powerful digital levers for insurance agents and insurers. Challenges to an Ideal Insurance Experience. Typical Insurance Process with Gamification.

Insuring Your Bottom Line: Why Contractors Insurance is Necessary to Your Business

Strategy Driven

Let’s look at why contractors insurance is paramount to your business and complete liability protection. This coverage comes in handy in a contract dispute and is essential, especially if you regularly hire independent contractors who possess limited or no insurance coverage.

Requiring Insurance Customers to Submit Claims Through a Mobile App is Risky–Here’s Why

Zipwhip

For insurance companies, this is an alarming statistic because it means customers won’t download an app until it is necessary, such as after a car wreck in an attempt to file a claim. Requiring an insurance customer to download an app to support the claims process can frustrate a person in an already upsetting situation. In fact, one study by Accenture found that 41% of people who file insurance claims ultimately switch providers. Best Practices claims Insurance

Impact of technology on insurance industry

Hacker Earth

Like every other industry, the global insurance sector, worth over $5 trillion, has undergone an immense overhaul because of disruptive technologies in recent years. According to PwC’s 2017 Global InsurTech Report, the challenges the insurance industry faces in their ability to innovate are.

Don’t let policyholder misconceptions stop your insurance brand from improving digital customer experience

Praxent

Don’t Let Policyholder Misconceptions Stop Your Insurance Brand from Improving Digital Customer Experience. It’s not all that easy to pursue digital innovation in the insurance industry. To grow, or even maintain business volume, your insurance brand must attract new policyholders.

Representations and Warranty Insurance: An M&A Tool Every Seller Should Know About

Toptal

Relatively unknown until recently, representation and warranty insurance is an interesting—and often extremely effective—tool for helping M&A deals cross the finishing line.

Why ROI-Focused, Research-Based Innovation Is A Necessity For Legacy Insurance Carriers 

Praxent

Why ROI-Focused, Research-Based Innovation is a Necessity for Legacy Insurance Carriers. Assessing Insurance Carrier Creditworthiness. Praxent partners with FinServ companies and insurance carriers to help get you on the road to innovation and future success.

For Insurance Carriers: 3 Emerging Strategies To Capitalize On Digital Customer Experience Innovation

Praxent

For Insurance Carriers: 3 Emerging Strategies To Capitalize On Digital Customer Experience Innovation. Technology is impacting the insurance industry and necessitating digital transformation for carriers, especially in the customer experience arena. .

Have You Insured Your Business Correctly?

Strategy Driven

Insurance: if you don’t have it, you’ll only wish you did if the time comes to call upon it. Indeed, it’s far safer, smarter (and sometimes more financially viable) to invest in insurance, just in case. Business insurance can seem confusing and over-complicated. Asset insurance.

Cyber Insecurity: A Boon for Insurers

CTOvision

Do you have good cyber insurance? An explosion in perceived cyber threats will lead to an explosion of attention to managing cyber risk, and that attention means booming business for cyber insurers. Randy Milanoff , a lawyer for insurance provider White & Williams, compares the Target data breach to ten Super Bowl advertisement for cyber insurers. By ShannonPerry. We’ve written plenty about data breaches.

Ignore Your Policyholders for Prospects’ Sake: 3 Key Opportunities Your Insurance Site is Missing

Praxent

Ignore Your Policyholders for Prospects’ Sake: 3 Key Opportunities Your Insurance Site is Missing. To say that insurance products are complicated is an understatement. Having a long history is a great way for an insurance company to instill a sense of trust.

Motorists Insurance Builds Foundational Pillars for Identity Governance

Sailpoint

Motorists Insurance is a super-regional mutual company owned by policyholders that has a national reach through affiliations. In order to meet expectations for the reinvented information security program, they needed to move away from the conservative IT insurance industry stereotype and adopt a more innovative approach. Data Security Analyst Phil Miller has been with Motorists Insurance for 35 years.