The Need for change The traditional insurance processes, especially paper-heavy ones, have created burdensome inefficiencies throughout various stages, from underwriting to claims settlements. As the industry shifts towards technological advancements, the demand for faster, more agile systems is on the rise. Lloyds of London has acknowledged these challenges and initiated the digital transformation within the […]
Insurance still runs on documents. Submissions, claims, endorsements, loss runs – they all require review and data entry. But here’s the problem: it’s slow, costly, and full of mistakes. Even a small error can lead to delays, fines, or compliance issues. And with most of this data coming in as scanned PDFs or emails, it’s […]
What’s stopping insurers from keeping pace with modern technology? At a time when every large industry has gone digital, why is a large part of insurance still heavily reliant on paper-based processes and archaic systems? Today’s insurance industry is at the threshold of revolutionary change. While many sectors have rapidly embraced digital transformation, all the […]
Adapting and excelling in the insurance industry flooded with complex data is mandatory. Today’s job seekers seek companies that leverage technology to improve employee experience. Spending less time on time-consuming tasks helps companies compete for the best talent. Relying solely on traditional methods also manifests in sloppy workflows, a high risk of errors, and an […]
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