Insurers are facing increased litigation challenges from the growing phenomenon of social inflation. From changing judicial and jury attitudes to plaintiff reptilian trial tactics and nuclear verdicts, insurers are at risk for significantly higher claims costs, settlement amounts, and jury verdicts. From another angle, third-party litigation funding (TPLF) continues to grow and complicate claims handling.
Watch Now
UiPath
Speed is an undisputed benefit of Robotic Process Automation (RPA). Speed at scale, though, is a tandem every enterprise is aiming for, when charting digital transformation across its departments. This applies even more within the Finance & Banking industry, where process efficiency is vital. Enter Intelligent Indexing, a small, yet very important part of the puzzle, proven to quickly process documents that do not always follow the same standard, and which slow down important tasks.
Watch Now
iibcouncil.org
Cyber-crime is not new, but as the methods of nefarious actors have become more sophisticated, the defensive capabilities of organizations have failed to keep pace. Cyber-attacks on organizations show no signs of abating, they are becoming increasingly indiscriminate in their targeting, with small and medium sized firms now as vulnerable as their larger counterparts. A recent report by Hiscox brings the scale of the problem into sharp relief as according to the study, cyber-attacks against organizations have surged from 38% to 53% in the last 12 months. Despite this surge, however, recent figures show that 68% of North American businesses have yet to purchase any form of cyber insurance.
Watch Now
Majesco
In the age of Digital Insurance 2.0, customers’ experiences with other industries are rapidly increasing their expectations for digital engagement with all industries, including insurance. Their demands and expectations also extend beyond interaction capabilities to include new, innovative products and services such as on-demand, parametric, telematics, value added services, and much more…moving billing to a front and center focus.
Watch Now