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.
Managing Up for IT Leaders
Explore how IT leaders, particularly CIOs, can effectively “manage up” in a rapidly evolving technology landscape. Includes key areas like aligning IT initiatives with business goals, handling shifting priorities, fostering innovation amidst constraints, and overcoming the challenges posed by legacy systems.
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 Outdated systems limit innovation, hinder growth, and create inefficiencies.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.
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.
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.
Data Utilization in Insurance: Unlocking Competitive Advantage
Data is vital in the insurance industry, influencing everything from pricing and underwriting to claims processing. However, despite having access to vast amounts of data, deriving actionable insights remains challenging. Real competitive advantage is gained by leveraging data to create new services, such as preventative measures that minimize losses and enhance resilience.
Unlocking Innovation: How Insurance IT Can Empower Business Users with No/Low-Code Solutions
In the ever-evolving landscape of technology, insurance companies face a dual challenge: maintaining everyday operations and simultaneously pursuing innovation. My conversations with clients reveal a consistent obstacle to innovation: a lack of time. IT departments are deeply entrenched in the daily grind of business as usual (BAU) and Keeping the Lights On (KTLO), leaving little room for creative thought or novel projects.
