Market Insights

Configurable policy administration systems deliver speed-to-market benefits to insurers but can create new challenges for both business and IT. Here are five tips you should consider following for configuration success.

Insurers have seen the success others have found from breaking down larger projects into sizeable chunks. Industry analysts believe this is the next wave for core system replacement.

Policy administration systems enable insurers to achieve larger, long-term goals.

Modern claims administration systems have enhanced the process and enabled greater efficiencies, but BI can take the operation to the next level, offering better decisions for improved claims outcomes.

In areas of the business like personal lines, quoting, and underwriting, carriers have embraced data and analytics to improve profitability and reduce costs. Yet, they have not applied the same approach to claimswhere the vast majority of a carriers premium dollars are spent.

Many claims these days suggest that automotive brake failure directly contributed to an accident. For those losses where brake malfunction is a suspected cause, the claims investigator is obliged to look into the existence of evidence of brake failure.

This article examines the impact of applying technology to the litigation management process, as well as examines what considerations must be met in order to reach a successful application.

With the economy impacting the operating budgets of agencies and carriers alike, CSRs are being asked to do more and do it fastera task that requires an effective agency-carrier technology partnership.