Most insurance companies have embarked on some sort of transformational initiative. Whether it’s core systems transformation, big data and analytics, implementing a digital strategy, or just trying to be more innovative, there’s a lot going on. And whether or not the software development methodology is waterfall, agile, or something in between, there’s usually a very important position at the center of it all – the project manager. …
There has been a great deal of press and research released in the last several months that have begun to question the how and the when of the advanced safety systems that have begun to make strides within the market. Specifically, what percent of the overall vehicle fleet/auto claim count now has these systems; how well do these systems work in reducing both loss frequency and costs; and when can the industry expect to see measurable impact in both frequency and costs?
Insurance offers the perfect landscape for robotic process automation (RPA) because of the many repetitive tasks that form standard industry transactions.
Companies are lured in, spending oodles of money on functions and features they don’t really use to their full advantage early on in the transformation process.
Although access to markets is more readily available, consumers still seek advice and guidance from agents before making policy decisions.