Why is “Digital Inside and Out” Critical for Insurance Companies?

Why is “Digital Inside and Out” Critical for Insurance Companies?

Historically, the insurance industry has had a reputation of being hesitant to adopt new digital technologies and processes. Until recently, most insurers were able to change slowly and still remain competitive – this is no longer the case.

While insurers have extended some measure of digital capability through portals, there is a growing realization that it’s not enough. More effort is required to address the need to integrate digital capabilities with core business operations. Given the current pace of change, the reality is that technology and business models are continuing to evolve and challenge the status quo. Insurers are now understanding that unless they leverage digital methods – inside and out, they risk becoming noncompetitive and potentially irrelevant in the market.

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Why Are Insurers Choosing Low-Code Platforms?

Why Are Insurers Choosing Low-Code Platforms?

Why is this happening?

The insurance industry is actively being reshaped by changing technologies, new ways of doing business and emerging competitors. Leading insurers are turning to low-code platforms to gain flexibility while increasing agility, providing tailored customer experiences and achieving exceptional results that differentiate them from the competition. In order to promote growth and reduce costs, these platforms must be capable of supporting rapid changes driven by evolving business models.

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What Makes Low-Code Platforms Ideal for Insurance Companies?

What Makes Low-Code Platforms Ideal for Insurance Companies?

 

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Your Handy Guide To Developing The Perfect Enterprise Content Management RFP

Your Handy Guide To Developing The Perfect Enterprise Content Management RFP

The market for content management systems presents a wide variety of choices. Unfortunately, selecting the wrong product can leave your organization with a costly solution that doesn’t fit your needs. Discovering the best solution requires the right tool. In this case, it’s an enterprise content management (ECM) request for proposal (RFP).

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How the Best Business Process Automation Software Compare

How the Best Business Process Automation Software Compare

Business decisions can be tough. You’re often unsure whether you have enough information, or even the right information, to choose wisely. And you certainly aren’t looking forward to the consequences if you’re wrong.

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Your Automated Underwriting System Is NOT 100% Automated—Here's What You Can Do About It

Your Automated Underwriting System Is NOT 100% Automated—Here's What You Can Do About It

Underwriting is a process used across multiple industries—from finance to real estate to insurance—to assess and address risk. And while different organizations develop their own set of underwriting guidelines to suit their needs, how they apply these guidelines is standard across the board. Hence the rise of automated underwriting.

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What A Well-run Life Insurance Underwriting Process Looks Like

What A Well-run Life Insurance Underwriting Process Looks Like

At its core, life insurance underwriting is about assessing risk. The greater the risk, the more likely an application will be denied; or, if approved, the higher the premium will be.

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The Importance Of Technology In Healthcare Case Management

The Importance Of Technology In Healthcare Case Management

Case management is a term that’s been floating around healthcare for many years. It’s used by all kinds of different industry participants—from providers to insurers to vendors. Yet despite its tenure and wide usage, the term’s meaning varies depending on who’s using it and in what context.

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Low Code: What Is It & How Does It Benefit Healthcare Insurance And Finance Organizations?

Low Code: What Is It & How Does It Benefit Healthcare Insurance And Finance Organizations?

The larger your organization, the more dependent you are on technology. But when this technology takes a large number of resources and specialized personnel to set up, implement, and maintain, it can present a heavy burden. This is especially true in healthcare insurance and finance, where efficiency depends on tech-heavy processes and content workflows. Enter low code development.

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IBM ECM: A Review Of IBM's Enterprise Content Management

IBM ECM: A Review Of IBM's Enterprise Content Management

Enterprise content management (ECM) is a legacy industry-standard term that got its name when documents were being scanned, faxed, and digitized so they could be be routed online. Today, a broader range of electronic content—including forms from websites, video files, and social media artifacts—can be managed by an ECM platform.

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