Insurance CTOs and CIOs must proactively look for new strategies, prioritize investments, rethink which customer segments and verticals to target, and develop winning products and pricing strategies to differentiate their operations and help their organizations get...
An informal Xceedance survey of Australian insurance company senior executives uncovered seven key factors they predict could completely change Australia’s industry within this decade. They are: changing market dynamics automation the data explosion greater...
Low-code/no-code technology enables developers and business owners of varying experience levels to create enterprise applications, using a modern technology stack, drag-and-drop components, and model-driven logic – all via a graphical user interface, available within...
In this paper, we will delve into operational and technological roadblocks that the surety industry faces, and the role centralized credit analysis can play in advancing the business of surety insurance. We also evaluate how technology tools such as advanced...
The heterogeneous and complex nature of commercial exposures, the quality of the data needed to support the risk pricing, and scarcity of new talent – all pose a challenge to smooth adoption of new-age technologies. This paper examines reasons why automation of...
The unique human factor of subjective analysis influences claims and underwriting outcomes, and therefore, creates unintended variability of decisions and inconsistency with target guidelines for claim settlements and underwriting pricing. Limiting or mitigating that...
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