Reinventing the Insurance Enterprise through Digital Reimagination

March 30, 2018

Today’s insurance ecosystem is characterized by complex business models, strict regulations, and fickle customer attitudes. Therefore, it is imperative that insurers embrace digital capabilities to tackle these challenges proactively to overcome any obstacles to growth, portability, and even survival. In the 1960s, the insurance industry pioneered the use of mainframes, and in the 1980s they were among the early adopters of imaging and document management technologies. Once again, insurers find themselves on the cusp of a new technological transition faced with an interconnected, customer-centric, and hypercompetitive business environment.

Spotlight

AIA Insurance

For over 100 years we have served the specific insurance needs of our local clients. As an independent agency our distinct advantage is that we can survey the marketplace for our clients giving them the assurance that we can provide a comprehensive policy at a competitive rate. Please contact us for Commercial (including Agricultural risks), Home, Auto, Health, Life, Disability, and Crop Insurance questions.

OTHER WHITEPAPERS
news image

The Insurance Impacts of 2019 Novel Coronavirus

whitePaper | February 2, 2020

The outbreak of 2019 Novel Coronavirus (2019- nCoV), in Wuhan City, Hubei Province of China, has prompted questions of how insurance policies might respond to claims stemming from business losses attributed to this infection prompting this White Paper. The primary virus infection, which can result in pneumonia and even death, originated from a Wuhan city seafood market. Subsequently, person-to-person transmission has occurred, primarily to health workers who had contact with those initially infected. The concern is that this may lead to widespread infections, worldwide.

Read More
news image

Best Practices in Social Listening FINANCIAL SERVICES AND INSURANCE

whitePaper | December 23, 2019

Whether you’re obtaining new clients or recruiting talent, the Financial Services space is incredibly competitive. In order to meet the collaborative and transparent demands of clients, firms must work to develop an involved community that’s loyal to them. With that goal in mind, customer satisfaction and relationship development are imperative, and—as clients seek out advisors and agents that are thought leaders and specialists, and Financial Services firms strive to become exactly that—personal branding is more important than ever. In fact, branding must become a focus of all client-facing employees.

Read More
news image

The digitalisation of the insurance tax landscape

whitePaper | August 23, 2022

From independent operators to midsize businesses and Fortune 100 companies, more than 30,000 customers choose Avalara for tax compliance tools scaled to their needs. You’ll find Avalara all around the world helping businesses prepare for growth in the global market.

Read More
news image

Finance transformation projects in insurance

whitePaper | May 4, 2022

A small percentage of insurers have already started their finance transformation journey and doubtless others will begin the journey in the coming years. This white paper sheds light on ten factors driving the need for finance transformation within insurance and how to ensure a smooth transition.

Read More
news image

How does artificial intelligence make subrogation viable and valuable?

whitePaper | January 17, 2023

Subrogation offers insurers the important chance to reduce claim costs by assigning full or partial responsibility to another party. It is most commonly used in automotive insurance, but can also be applied to property claims, renter’s insurance, and policies covering possessions such as phones or appliances. But opportunities for subrogation can be missed, which likely costs insurers billions of dollars each year.

Read More
news image

Environmental, Social and Governance (ESG) Considerations for Directors and Officers

whitePaper | May 14, 2023

Increased scrutiny from investors on companies’ Environmental, Social, and Governance (ESG) credentials, such as board diversity and environmental impacts, presents greater potential Directors’ and Officers’ (D&O) liability exposure. Investors, employees and consumers increasingly expect companies to be actively addressing ESG considerations in their structures and operations. Those failing to address these issues may open themselves up to ESG-related litigation.

Read More

Spotlight

AIA Insurance

For over 100 years we have served the specific insurance needs of our local clients. As an independent agency our distinct advantage is that we can survey the marketplace for our clients giving them the assurance that we can provide a comprehensive policy at a competitive rate. Please contact us for Commercial (including Agricultural risks), Home, Auto, Health, Life, Disability, and Crop Insurance questions.

Events