Adopting Modern Insurance Tech is Easier than Ever
Insurers need to modernize their tech to stay competitive. But your stomach might churn when you think about the first time you “modernized” or brought new software into your company. Memories of unexpected complexities, undelivered promises, and endless confusion until the team got into a rhythm with the new system might have you shudder at…
How integration can make or break your insurance business
In an industry as old as insurance, bad habits keep productivity low. According to business consultancy Maui Mastermind, the average business owner spends 21.8 hours a week on administrative tasks like copying and pasting data between systems. In our industry, premiums are informed by troves of data and everything needs to be tracked, reported, and auditable….
How to Prevent Submissions from Falling Through the Cracks
One of the most crucial and visible processes in the specialty P&C space is also one of the slowest to adopt modern tech: data collection and management. In other words, getting applications from agents and making sure they convert to bound policies. This means frustrated applicants, dated customer experiences, and a ton of lost opportunities…
The Crazy Cost of Bad Development in Insurance
Just because insurance companies can build custom IT solutions doesn’t mean they should. Despite being immensely resourceful, insurance companies are built to constantly compete in their ability to offer quality coverage at affordable costs, a race of logistics and financials, not software development and IT maintenance. Here are some key points to seriously consider before…
The Insurer’s Race: How to Stay Competitive with Intelligent Data Collection
Industries are grappling with innovation and how to introduce new technologies into old systems, and insurance is facing one of the most difficult challenges. As disruptors emerge, legacy behemoth companies with endless layers of management are struggling to keep pace in a race to integrate new tech. This race, however, has led to hasty adoption…