IBM Services

JANUARY 15, 2024

Enterprises now recognize the importance of leveraging innovative technologies to drive digital transformation and achieve cost efficiency. How do organizations avoid the digital risks of ‘technology misuse’ and achieve efficient innovation that ‘technology promotes production’?

Efficiency 72

Efficiency Insurance Robotics Process Automation Automation 72

Everest Group

NOVEMBER 3, 2022

Leading insurance organizations seek to be more data-driven in their business decisions by harnessing the full potential of the data that resides within their enterprise boundaries. In this blog, we will explore the potential benefits for carriers of unlocking data in the insurance value chain. Source, Everest Group.

Insurance 98

Insurance Analytics Sourcing Efficiency 98

Everest Group

OCTOBER 7, 2023

Property and Casualty (P&C) Insurance BPS Enterprises have been increasingly turning to P&C insurance BPS providers during the recession to address elevated operating costs resulting from heightened inflation, which has led to increased claims expenses and rate adjustments for various P&C products.

Insurance 64

Insurance Human Resources Payroll Outsourcing 64

IBM Services

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Efficient and accurate AI requires fastidious data science. Above all, put in a robust AI governance program.

Insurance 71

Insurance Government Regulations Analytics 71

Everest Group

MARCH 10, 2023

Cloud computing presents a huge opportunity for insurers to drive growth, improve efficiency, and deliver innovation, among other benefits. Read on to learn about the coming phase of industry cloud and the key role system integrators (SIs) can play in advancing cloud adoption in insurance. Let’s explore this opportunity further.

Insurance 52

Insurance Analytics Efficiency Administrative 52

Perficient Digital Transformation

NOVEMBER 12, 2021

As we’re slowly climbing out of the pandemic, the insurance industry has a fresh opportunity to begin to reinvent itself to align with the changing values of society and leverage the power of data and technology to do more than just deliver innovations in products, underwriting, and operational efficiencies. In that Order.

Insurance 114

Insurance Sales Research Marketing 114

Perficient Digital Transformation

NOVEMBER 21, 2023

With nearly three decades of experience directing commercial lending, corporate finance, and insurance for leading brands, Perficient’s Insurance Principal, Brian Bell, stands at the forefront of our financial services practice. Brian believes insurance serves a noble purpose and is a great source of pride.

Insurance 52

Insurance Research Jobbing Finance 52

Hyland

OCTOBER 31, 2022

Claims has been a top concern for property and casualty insurers , especially with recent events such as the COVID-19 pandemic and the ongoing threat of natural disasters. Claims in sectors like auto insurance increased in severity in recent years. The adage “time is money” is the core of efficient claims handling.

Efficiency 52

Efficiency Insurance Analytics Sourcing 52

Magellan Solutions

NOVEMBER 7, 2022

Insurance Back Office Support Tasks for 2023. Why do people get insurance back office support? Staff and insurance firms can find it hard to keep clients happy. Insurance companies use various ways to improve their business processes. Insurance companies need back office support for a lot of reasons. IT SUPPORT.

Insurance 75

Insurance Outsourcing Out-Tasking Offshoring 75

IBM Services

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 56

Insurance Cybersecurity Risk Management Risk Management 56

Automation Anywhere

JANUARY 20, 2021

When it comes to underwriting, the goal for insurance carriers is to determine the right price for the right risk. Meeting that goal can help them not only be competitive in today's crowded, highly demanding insurance market but also assist them in achieving profitable growth with reasonable loss ratios.

Insurance 98

Insurance Automation Robotics Process Automation Sourcing 98

Perficient Digital Transformation

JULY 19, 2023

One such industry that will be forced to utilize AI solutions to gain a competitive advantage is the regional insurance carrier industry. By harnessing the power of AI, regional insurance carriers can streamline their operations, enhance customer experience, and make more informed decisions.

Insurance 52

Insurance Automation Streamline Operations Reduced Costs 52

Everest Group

JULY 7, 2023

Embracing sustainability in the insurance industry is not just a choice, but a necessity for a resilient future. By integrating Environmental, Social, and Governance considerations into their practices, insurers can mitigate risks and foster long-term value for customers, shareholders, and the planet.

Insurance 52

Insurance Analytics Government Risk Management 52

Everest Group

JUNE 7, 2023

Readily available capital and low-interest rates made the past few years ideal for the insurance brokerage industry to consolidate in response to increased competition, changing customer expectations, and other challenges. The insurance brokerage industry went through an inflection point last year.

Insurance 52

Insurance Shared Services Analytics Marketing 52

Everest Group

MAY 31, 2023

From the many thought-provoking conversations that Everest Group analysts engaged in at Formation ’23, three main themes emerged about the future of insurance technology. In this blog, we will take a closer look at these growing trends and explore their potential impact on the insurance industry. Contact us directly for more insights.

Insurance 52

Insurance Streamline Operations Out-Tasking Software 52

IBM Business Partners

JUNE 23, 2023

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

Insurance 59

Insurance Administrative Right-Sizing Automation 59

Everest Group

APRIL 4, 2023

Leading InsurTechs with pure-play digital models are heating up the competitive landscape, making it imperative for traditional insurers to optimize their claims functions. An insurer can achieve future goals by accelerating the adoption of next-generation capabilities.

Insurance 59

Insurance Analytics Right-Sizing Sourcing 59

Everest Group

MAY 24, 2023

As the insurance industry undergoes a paradigm shift post-pandemic, digital transformation can improve customer experience and engagement. Partnering with service providers will help insurers overcome barriers and improve efficiencies. Read on to learn more. Reach out directly to discuss or for more information.

Insurance 52

Insurance Risk Management Risk Management Analytics 52

Perficient Digital Transformation

APRIL 14, 2022

The connection between technology and consumers in the insurance industry has never been more relevant. Although the insurance industry was already facing rising competition and customer expectations, the global pandemic forced our industry to take legacy processes and technologies, and transition to “digital” seemingly overnight. .

Insurance 78

Insurance Design Regulations Automation 78

Everest Group

APRIL 21, 2023

Under this approach, DB plan providers transfer their entire/partial pension liabilities to other firms, usually a life insurance firm, to remove their obligation to pay plan participants guaranteed retirement income or post-retirement benefits.

Insurance 52

Insurance Administrative Accounting Marketing 52

Automation Anywhere

SEPTEMBER 16, 2020

Property and casualty (P&C) insurance, also known as non-life or general insurance , refers to a range of coverages including property insurance that covers items such as automobiles, homes, or commercial buildings, as well as casualty insurance that covers legal liability for injuries or losses incurred by a third-party individual or business.

Insurance 97

Insurance Automation Robotics Process Automation Analytics 97

AS White Global

AUGUST 10, 2022

In recent years, insurers have relied on outsourcing insurance services to give them a significant edge in this highly competitive industry. Insurance companies have had to adapt to changes in regulations and to their customers’ evolving needs in response to the pandemic situation. Optimising operations for maximum efficiency.

Offshoring 52

Offshoring Insurance Service Data Entry 52

Perficient Digital Transformation

JANUARY 19, 2024

By utilizing synthetic data and document generation, companies can expect these benefits: Increase efficiency – By removing the tedious process of generating data and documents manually and replacing it with an automated approach, organizations can be more agile and efficient.

Efficiency 52

Efficiency Healthcare Regulations Insurance 52

Everest Group

FEBRUARY 24, 2023

Insurance carriers need to transform their risk function, become more agile, and proactively create new offerings that protect against the threats of 3Cs: climate risk, cyber risk, and crypto risk. Read on to learn how this environment can create opportunities for insurers.

Insurance 52

Insurance Analytics Engineering Research 52

Perficient Digital Transformation

FEBRUARY 21, 2022

In today’s evolving digital world, our insurance partners are trying to increase awareness and consideration for their brand through digital commerce strategies such as social media platforms and third-party adjacent platforms to garner the attention of customers in a new way. Owning the Research Journey. Creating an Omnichannel Experience.

Insurance 69

Insurance Research Efficiency 69

Everest Group

MAY 19, 2023

Life and Annuities (L&A) Insurance BPS and Third-Party Administrator (TPA) PEAK Matrix® Assessment The global Life and Annuities (L&A) insurance industry has recovered from the pandemic, but it now faces macroeconomic uncertainties.

Administrative 52

Administrative Insurance Human Resources Finance 52

AS White Global

AUGUST 10, 2022

In recent years, insurers have relied on outsourcing insurance services to give them a significant edge in this highly competitive industry. Insurance companies have had to adapt to changes in regulations and to their customers’ evolving needs in response to the pandemic situation. Optimising operations for maximum efficiency.

Offshoring 52

Offshoring Insurance Service Data Entry 52

Magellan Solutions

FEBRUARY 20, 2021

Who Needs Insurance Outsourcing? As a matter of fact, insurance BPO projection within the period of 2020-2027 is at $8.3 As a matter of fact, insurance BPO projection within the period of 2020-2027 is at $8.3 Insurance Outsourcing Service Providers Offer. For the insurance sector, outsourcing is a viable solution.

Insurance 52

Insurance Outsourcing BPO Data Entry 52

Everest Group

DECEMBER 16, 2022

Everest Group estimates the massive economic value insurance enterprises can generate by tapping their vast data pools to achieve operational efficiency and drive premium growth. By investing in becoming data-centric organizations, insurance companies can unlock a collective economic value of US$874 billion, according to Everest Group.

Insurance 52

Insurance Analytics Research Efficiency 52

Everest Group

MARCH 17, 2023

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. As insurance intermediaries that represent carriers, MGAs provide insurance products to retail agencies and insureds. Read on to learn more.

Insurance 52

Insurance Robotics Process Automation Risk Management Risk Management 52

Everest Group

NOVEMBER 29, 2022

Top Application and Digital Services (ADS) in Property & Casualty (P&C) Insurance Services In the last few years, the Property and Casualty (P&C) insurance industry has experienced numerous challenges due to the pandemic, regional geopolitical conflicts, and strained macroeconomic conditions. Our Thinking. Learn More.

Insurance 52

Insurance Service Information Technology Marketing 52

Magellan Solutions

JUNE 22, 2021

Innovating your insurance accounting outsourcing through digitalization is one way to adapt with the ever changing situation of the industry. Insurance accounting outsourcing has been a big help for any small businesses. It helps them to be efficient while saving some of their budget. Faster Claims.

Insurance 52

Insurance Accounting Outsourcing BPO 52

Magellan Solutions

FEBRUARY 19, 2021

Insurance account services. Why it is advisable to hire an insurance agency bookkeeping . Ways to rate insurance agency accounting services. Efficiency. Repetitive tasks should still be efficient because day-to-day data may change. Insurance process outsourcing at Magellan Solutions. The only difference?

Insurance 52

Insurance Accounting Outsourcing Call Center 52

Paysquare

SEPTEMBER 12, 2023

Here are some payroll metrics to think about keeping an eye on: Payroll processing time; Payroll accuracy; Compliance; Turnover rate; Cost per employee You can keep track of your payroll management services and make data-driven decisions to increase efficiency, accuracy, and compliance by monitoring your payroll metrics.

Payroll 52

Payroll Efficiency Management Regulations 52

Metasource

NOVEMBER 30, 2021

Insurance companies manage daunting amounts of paper mail daily, such as claims, checks, grievances and appeals (G&A) , and enrollment forms. Experience You Can Trust for Insurance Digital Mailrooms. Contact us to learn more about digital mailroom for insurance companies. Challenges with a Manual Claims Processing Process.

Insurance 52

Insurance Outsourcing Reduced Costs Customer Service 52

Magellan Solutions

FEBRUARY 18, 2021

The Necessity of Bookkeeping Insurance Services. Bookkeeping insurance services are important to firms who want to track their profit. Some of its achievements can come from efficient budget allocation. CPA for Insurance Agency: Why Is It Important? With this in mind, they can represent many insurance carriers.

Insurance 52

Insurance Service BPO Accounting 52

Magellan Solutions

MARCH 22, 2021

Insurance BPO is a gold mine. That is why Insurance Business Process Outsourcing exists. In this article, we will discuss with you how insurance BPO can help you increase your sales. What is an Insurance BPO? Insurance Business Process Outsourcing or Insurance BPO makes your life easy by handling back-office tasks.

Insurance 52

Insurance BPO Sales Business Process Outsourcing 52