The CIO’s Playbook for Leveraging AI in Insurance

Artificial intelligence is reshaping the insurance industry, but for CIOs, it’s not just about adopting AI—it’s about integrating it strategically. From streamlining claims to modernizing legacy systems, this playbook lays out a clear roadmap for leveraging AI to drive innovation and business success in insurance.

Embracing Change in the Face of Digital Disruption

In today’s rapidly evolving digital world, CIOs face the challenge of balancing innovation with operational stability. Learn how CIOs can redefine their roles, build data-driven cultures, and lead their organizations through digital disruption.

ITC Vegas 2024: The Future of Insurance Revealed

ITC Vegas 2024 was a gathering of over 9,000 insurtech innovators, focusing on transformative technologies and investment trends shaping the insurance landscape. From AI advancements to emerging markets, discover the major takeaways that will drive the future of insurance.

The Real ROI of Modernizing Core Systems

Modernizing Core Systems

Modernizing core systems in the insurance industry might seem like a major investment, but the long-term return on investment (ROI) is undeniable. From cutting costs to improving customer experience and future-proofing the business, modernization offers much more than just a tech upgrade. Let’s dive into how insurers can reap significant rewards from modernizing their core systems.

Carrier-Agency Partnership: The Role of Insurance Carriers

carrier-agency strategic partnership

Independent agencies have been essential in connecting carriers with diverse client needs, acting as the backbone of insurance distribution. Yet, as the market evolves, carriers must rethink how they partner with these agencies. By shifting toward a carrier-agency strategic partnership, carriers can build stronger relationships, support agency growth, and make smarter decisions.

Navigating Seismic Demographic Shifts in the Insurance Industry

Navigating seismic demographic shifts in the insurance industry

The insurance industry is undergoing significant demographic shifts as Baby Boomers retire and Millennials and Gen Z step into leadership roles. This transformation is reshaping consumer behavior and the workforce, necessitating digital innovation and new engagement strategies.

The Future of InsurTech: Trends and Leadership Challenges

three people sitting at a table sharing notes on a paper next to a laptop computer

The insurance industry, traditionally known for its slow pace and conservative approach, is experiencing a significant transformation with the rise of InsurTech. This convergence of technology and insurance is driving innovation and modernization, paving the way for a more efficient and customer-centric industry.

A Comprehensive Data Strategy for Small Insurance Companies

professional man and woman looking at digital screen

In today’s digital age, data is the new oil. Small and medium-sized insurance companies can thrive or merely survive based on how effectively they harness data. This article explores the opportunities and strategies for these companies to build a comprehensive data strategy. We will delve into various aspects, from data fragmentation to advanced analytics, and provide a roadmap for leveraging data to achieve business objectives.

Is Nearshore the Future of IT Solutions in Insurance?

Nearshore IT solutions are revolutionizing the insurance industry by offering significant cost savings and enhanced operational efficiency. By outsourcing IT services to nearby countries within the same time zones, U.S. insurance companies can achieve seamless communication and collaboration. This approach balances cost-efficiency, cultural alignment, and access to a skilled talent pool, providing an advantage over traditional onshore and offshore models.

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5 key lessons in modernization

FiveM has extensive experience advising leaders on modernization initiatives, resulting in valuable insights and “The Five Key Lessons” for digital transformation.