What’s holding the
insurance industry
back?
Why do so many insurers still rely on paper-based processes and outdated systems?
Customer expectations are shifting towards more digital interactions, as over 80% of insureds would consider switching carriers if a user-friendly digital interface is not provided, putting further pressure on the industry to digitize and automate in record time.
Despite these trends, many insurance operations still rely on outdated, paper-intensive workflows, leading to slower turnaround times, increased error rates, and higher administrative costs.
What insights does this whitepaper reveal?
- Why insurers still rely on paper-heavy workflows – and the risks of falling behind
- How intelligent document processing cuts operating costs and accelerates turnaround times
- Real-world examples showing a 70% boost in processing speed and 200% ROI within the first year
- Strategies for supercharging underwriting with predictive analytics and data enrichment
- The hidden costs of manual processes – from rising compliance penalties to delayed decisions
- What it takes to become a future-proof insurer, including seamless integration and deep industry expertise