Transforming Finance & Operations in Insurance

The insurance industry has embraced data analytics to drive business results. Using large warehouses of internal data, augmentation from third-party providers, and big data sources, data analysts are driving product R&D, predictive modeling, and influencing strategy at all levels of the organization. However, many insurers are still dealing with the challenges of diverse core systems with little data integration and limited agreement on what data assets mean. This webinar covers current insurer experience, case studies of successful initiatives, and best practices in developing a data and analytics strategy.

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.

Amid rising inflation, geopolitical tensions, and the lingering effects of the COVID-19 pandemic, US insurers face several new challenges to navigate throughout the year. Join us for a complimentary webinar in which subject matter experts from S&P Global Market Intelligence, S&P Dow Jones Indices, and S&P Global Ratings discuss emerging trends and challenges facing the insurance industry throughout 2022. Discussion topics will include: What are the enduring effects of the COVID-19 pandemic on the industry? Current outlook on insurance investments What are the impacts of offshoring in the insurance sector? The implications of rising inflation and interest rates Climate-related impacts on specific markets

Insurance is perceived, rightly or wrongly, as an industry that can be slow to innovate and automate. Although many insurance companies would hope to be well on their way to automating their underwriting and binding processes to better serve small businesses and the middle market, the reality is that progress in this area is a mixed bag. Some insurance carriers have fully automated their small business underwriting and are reaping the benefits.