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Archives

Is InsurTech the best carrier investment? Yes, in some cases…

October 1, 2018 | Written by John Sarich InsurTech is key to creating a friction-less customer experience, but what about back-end insurance processes? In the past, I have written that InsurTechs needed to be able to bring some benefit to carriers and agents — namely, to help them win or write new business or retain... Read more » by Irfan Shaik2018

Here’s how AI is already impacting the insurance industry

August 31, 2018 | Written by Margaret Livermore It's critical to understand how artificial intelligence will transform insurance and the world. I recently wrote about the fears associated with the introduction of artificial intelligence (AI) in the insurance industry. There is talk that in a few years, producers will be obsolete as machines will personalize... Read more » by Irfan Shaik2018

VUE SOFTWARE, New Age Answer to Insurance Broker Management

  Original Link: https://www.insuranceciooutlook.com/magazines/August2018/Broker_Management/#page=10    

by Irfan Shaik2018

Driverless cars shrouded in misplaced assumptions

July 26, 2018 | Written by John Sarich We currently see driverless vehicles in the test phase that can't actually be used on the vast majority of the roads in America. Some in the insurance industry believe that ‘driverless cars are not ready for prime time in America.’ Here, Jaguar and Waymo introduced their I-Pace... Read more » by John Sarich2018

Remember the Sales Force?

July 23, 2018 | Written by Gil Quesnelle Here’s why carrier efforts to consolidate data should focus on brokers as well as consumers. Everyone talks about the end client, but very few are talking about the carrier-to-broker relationship. In any industry conference today, there is a lot of discussion about serving the client and the... Read more » by Gil Quesnelle2018

Choosing the right Producer Management System

May 31, 2018 | Written by Margaret Livermore Choosing the right Producer Management System These are things to consider when upgrading your distribution system to ensure a seamless producer management process. Ensure a robust self-service portal, one that allows the insurer a full view of its down-line and the agent access to Book of Business... Read more » by Ravi Pendyala2018

Driverless cars aren’t meant to happen — at least not yet

May 21, 2018 | Written by John Sarich   It’s not just that a driverless car was responsible — as much as a piece of machinery can be responsible — for the fatal traffic accident in Arizona. It’s not just that there were 34 accidents involving driverless cars reported in California between 2014 and 2017.... Read more » by Irfan Shaik2018

Can InsurTechs Compete With Carriers and Agencies on Main Street?

April 09, 2018 | Written by John Sarich As an industry, insurance has always been a technology pioneer of sorts—so it comes as no surprise that in these halcyon days of digital commerce, more than 700 new insurance technology vendors, mostly startups, have recently come onto the scene, accounting for the phenomenon known as InsurTech.... Read more » by Irfan Shaik2018

Can data management technology help insurers reduce defense costs?

April 05, 2018 | Written by Gloria Camacho Can data management technology help insurers reduce defense costs? E-Discovery: Digitized files present an opportunity for insurers to get in front of pending legal actions, but the industry needs guidance regarding the collection and use of personal data. the use of advanced data management tools has allowed... Read more » by Ravi Pendyala2018

The role of automation in data security

Feb 21, 2018 | Written by Gloria Camacho Here's how automating can help carriers safeguard their compliance data How can large carriers better track their compliance? Most well-known large insurance companies have been using some form or mix of homegrown systems to track onboarding of their agents, which would require a lot of manual tracking... Read more » by Irfan Shaik2018