Insurers today may be drowning in data but remain thirsty for actionable knowledge. Perhaps this drives 57% Insurance carrier globally to indicate that Insurance Business Analytics is one of the four most probable IT solutions in which they are looking to Invest. This is in line with Gartner’s view on top 10 technologies to impact [...]
From the category archives:
Everyone knows that automated testing can save insurance companies time and money. The testing processes become less error-prone and test execution windows become smaller, larger data volumes can be used to more test scenarios in a shorter period of time. Automated testing is great for regression testing as it helps you to quickly confirm that [...]
Smart phones such as iPhones, Blackberries, Windows Phones and now Android phones are revolutionizing the way we use the internet. According to Gartner Research, mobile phones are set to overtake PCs as the most common Web access device worldwide by 2013 (http://www.gartner.com/resId=1268513). It is no wonder therefore, that many of our insurance clients are looking [...]
Generation of multiple claim reports for different user profiles is a frequently reported pain area in insurance companies. Claims analytics can fulfil this need elegantly and at the same time save $$$.
Do you know how many contracts your organization has? Who is the owner of your Contract Lifecycle Process?
Do you know how many of your contracts have Cost Penalties or Legal Liabilities? What is the cumulative value of your potential Liability?
Are you sure if you are getting charged accurately for your software/ hardware contracts? Are your [...]
Migration of insurance data often turns out to be a nightmare. Policyholder data in legacy systems do not fit the expectations of new systems: Mandatory factors required to calculate premiums in the new world are just not available for migration, underwriting rules in the new world do not accept legacy data, premium cash flows do [...]