Key Changes in Insurance Technology Trends

The implications of digital will extend into operational efficiencies, the customer experience, the changing risk landscape, and products. Digital transformation will be required in life & wealth and property & casualty, both commercial and personal lines, as well as reinsurance. DXC hosted a live webinar on how to make the most out of your digital transformation journey. We discussed how leaders in the industry now are striving to build an organizational and technological platform to allow for rapid response to opportunities and threats in the marketplace. This is where true digital transformation becomes a possibility.

It is no secret that the U.S. Department of Treasury collection actions regarding Medicare conditional payment claims are on the rise. In fact, a recent CMS report found that Treasury collections jumped from $55 million in 2020 to $82 million in 2021, a 47% increase. In the big picture, notice of a Treasury claim – or worse yet a Treasury offset – very often signals that something went wrong as part of the claims handling process.

Ask a final year undergraduate what they plan on doing after university, and they will likely say one of a handful of options. Some won’t know yet, some will opt to continue their studies, and a good number will have found themselves in an investment banking graduate scheme. The success of banking graduate schemes prompts the question: Why does insurance lag behind banking in acquiring talented graduates? Insurance has a reputation for being a second career for those in financial services and consulting, but what if the industry could bring in graduates at the very start of their career?

Amid a year of several high-profile cyber ransomware events, the Securities and Exchange Commission (SEC) has increased its scrutiny of cybersecurity disclosures made by public companies. Join our panel of experts to learn how you can better assess risk by leveraging ESG metrics to enhance current assessment methods for quantifying cyber governance and resiliency.