Risk Management, Insurance Technology

How Artificial Intelligence is shifting the insurance model from Protection to Prevention

April 5, 2022

How Artificial Intelligence is shifting the insurance model from
As a heavily regulated, intensively bureaucratic sector – a business founded on caution – insurance has always been slow to adapt. But a confluence of historic challenges is forcing the industry to undergo arguably the most radical change in its history.

Spotlight

Bankers Insurance, LLC

Bankers Insurance, LLC is a full-service, independent insurance agency headquartered in Richmond, Virginia. Since our inception in 1999, we have experienced tremendous growth and have secured our status as one of the leading agencies in the insurance industry. We pride ourselves on being one of the largest small agencies in the Virginia/North Carolina region. This allows us to offer our clients all of the resources and benefits of a large agency without sacrificing the most important aspects: local customer service and management.

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Automating for End-to-End Claims Processing

whitePaper | May 3, 2022

The insurance industry is no stranger to technological change, whether it was forced to change or inspired by grander visions. For decades, the insurers that led the industry ranked as some of the most technologically innovative operations in the world. But the exact technologies that used to showcase the C-suite’s willingness to adopt cuttingedge solutions are now holding them back.

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The Value of an Extensive Vendor Network: Actionable Data and Digital Adoption

whitePaper | April 19, 2023

In this report, we discuss the value an extensive vendor network and comprehensive vendor payment management program provides, including how insurers can increase cost savings and improve vendor and adjuster experiences.

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IFRS 17: How can insurers prepare for the biggest change in insurance accounting in recent years?

whitePaper | August 9, 2022

To date, most firms have focused on delivering new functionality such as a CSM calculation engine for life insurers and discounting for general insurers, as well as new accounting rules and reports. Due to compressed timelines, most firms are going into dry run testing with tactical data management solutions that have potential gaps around controls.

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Insurtechs Demand A Platform Designed For Their Unique Needs

whitePaper | June 6, 2023

Claims aren’t the first consideration for most insurtechs. The focus is rightfully on back-end development, product development, and creating all the systems and workflows to bind a policy and service customers.

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How to choose your insurance administration system

whitePaper | December 8, 2022

Advanced insurance administration technology promises to help insurers, MGAs and brokers to simplify processes, reduce costs and transform the customer experience. But how can you make sure you’re choosing the right solution and company to partner with? This short guide sets out the 10 essential questions insurance businesses should ask when selecting a new software provider.

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7 Questions to Ask Before Designing Your Insurance

whitePaper | January 14, 2020

After months of strategy and budget meetings, you’ve got the green light – it’s time to begin building your company’s quality assurance program. But are you prepared for the realities of the creation process? Can you address the inevitable questions and setbacks as they appear?

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Spotlight

Bankers Insurance, LLC

Bankers Insurance, LLC is a full-service, independent insurance agency headquartered in Richmond, Virginia. Since our inception in 1999, we have experienced tremendous growth and have secured our status as one of the leading agencies in the insurance industry. We pride ourselves on being one of the largest small agencies in the Virginia/North Carolina region. This allows us to offer our clients all of the resources and benefits of a large agency without sacrificing the most important aspects: local customer service and management.

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