Group Insurance Technology: Back to the Future for Policy Admin & Billing

| April 11, 2019

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This is the first in a series of three blogs to start a practical and real discussion about industry challenges and how technology can help. Often, we look at technology and think about the grand advances we’ve made since Otto Rohwedder sat down after a long day of slicing bread and thought, “Geez, wouldn’t it be great if this was automated?” Things such as space exploration, television, computers, microwaves, and the internet. All are great examples of groundbreaking advances that have changed the way we live. While breaking new ground is great, the key is being able to harness that new-found power and use it to deliver value across an organization or to the consumer.  Similar to a lightning bolt, where you have 1.21 Gigawatt’s of raw electricity, if you can’t harness that power like Doc and Marty, you’ll be left in 1955 with a broken clock tower and stuck at the ‘Enchantment under Sea’ dance. So how can we harness the power of technology and derive value? Where is the flux capacitor in insurance?  The answer is in the challenges we face daily. For this blog series, the focus is on real challenges facing our industry and what practical, smart solutions can be applied to overcome them and send us back to 1985.

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Insurance Nerds

Insurance Nerds is the go-to source for transformation talent development and career management serving the global insurance ecosystem.

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