The insurance industry is ablaze with news about how new technologies are transforming the insurance value chain. Insurers are actively looking to leverage appropriate technologies from agency and sales to underwriting and billing to claims handling.
Claim data that develops as a normal part of good claim handling can be combined with common underwriting data to provide powerful rating information and insight.
As profitability pressures on property/casualty insurance carriers continue to increase, innovative insurers are turning their focus inward with back-to-basics initiatives to improve efficiency in their core operations.