Why ITC (InsureTech Connect) Matters for the Future of Insurance
The insurance industry is undergoing a tech revolution, and InsureTech Connect (ITC) is at the forefront of this transformation. Explore why ITC is a game-changer for the future of insurance and how it’s driving innovation, collaboration, and growth in a rapidly evolving landscape.
Top 3 Digital Transformation Mistakes to Avoid
Digital transformation can be tricky! Avoid these top 3 mistakes in 2024 to keep your business on track. Learn how to navigate change successfully.
The Real ROI of 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.
Emerging Tech Trends to Watch in 2024 for Insurance Leaders
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As technology reshapes industries, insurance leaders must stay ahead of the curve. This article dives into the top emerging technologies for 2024, helping insurance executives leverage innovations like AI, IoT, and machine learning to optimize operations and improve customer experiences.
5 Signs Your IT Team is Stuck in Legacy Tech
In today’s rapidly evolving digital landscape, relying on legacy technology can be a significant risk. Outdated systems limit innovation, hinder growth, and create inefficiencies. Recognizing signs like integration issues, escalating maintenance costs, security vulnerabilities, and employee frustration is crucial.
Where Should a CISO Be Positioned in Insurance Companies?
Examine the strategic factors that determine where a Chief Information Security Officer (CISO) should be positioned within an Insurance organization. The role of the CISO has evolved from a primarily technical focus to one that requires strategic leadership and business acumen. Factors such as the organization’s maturity, its approach to risk management, and the relationship between the CISO and other senior executives should be taken into account.
The Future of InsurTech: Trends and Leadership Challenges
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
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.
A Two-Way Street: Underwriting Authority Matchmaking
Carriers continuously seek competitive advantage through specialized programs and entry into niche markets. On the other side, the insurtech boom has sprouted countless sophisticated firms seeking to fill that gap by means of obtaining underwriting authority, ie. MGAs.
Leveraging Design Thinking to Spark Innovation in Insurance
The insurance industry faces mounting challenges. Market saturation has triggered cutthroat competition and slowed growth. Changing consumer behaviors and expectations demand new engagement models aligned with digital-first preferences. Legacy systems and convoluted processes obstruct responsiveness and reduce service quality.
