There is no way around it: Success in today's insurance industry hinges on an insurer's ability to seek out and successfully deploy technology. And it's no wonder as IT solutions address everything from compliance, risk mitigation, customer retention, managing expenses, efficiency improvements and more. Yet with so many technology options available, it is still an incredibly difficult and complex process to choose and implement the right automated technology for a business.
Vetting a tech vendor is a mammoth task that necessitates a strategic approach that views the acquisition of new technology as an ongoing, long-term process. Here are some fundamental tips on how to do so in the most effective way:
Technology Audit:
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