Insights
We’re sharing our thoughts on the state of insurtech and how industry trends are impacting businesses. If you’d like to keep up with the discussion, you can sign up to receive our newsletter at the bottom of this page.
Application Integration and Data: How They Work Together
While interconnecting independent systems may not seem like a high priority, proper application integration can transform how your organization accesses data. This is especially true in industries like insurance, where continuous, accurate data is central to daily operations.
Mapping the Future: Insurtech in 2023
Like any other industry, insurance is bound by the constant changes in the greater world. New trends, laws, and technologies all drive advancement and adaptation, with providers and customers looking to make the best of the current situation. While some companies stick to their “tried-and-true” legacy systems, insurtech is a constantly evolving space.
Cost Optimization Through Process Automation
Process automation is one of the most transformational cost optimization technologies, especially in data-heavy industries like insurance.
Understanding Data Federation
Data plays a foundational role in most modern businesses. This is especially true in data-heavy industries such as insurance, where having comprehensive, accurate data is the single most important aspect of efficiently examining and processing claims. But because of the nature of modern workflows, important data often comes from a variety of separate sources. That’s why data federation is essential to ensuring that your company can access and use the data needed for everyday operations.
Solving the Top Data Integration Challenges of 2022
Companies handle more data today than ever before, and many of us take the databases and systems that we use to store and access our data for granted. But having a comprehensive data integration and management strategy is key to reaping the benefits of all of the information that your organization gathers and stores.
Why Automate?
Business process automation is becoming more common and accessible for many fields and industries, using technology to streamline workflows. There are many strategies to implement process automation and nearly endless potential for its uses. Determining whether automation can help your business comes down to the fundamental question: why automate?
Pros and Cons of Out-of-the-Box Software
Companies can select a wide variety of programs and systems from countless developers. Likewise, businesses have a choice between going with out-of-the-box software or unique, custom-developed business applications.
How Much Can Automation Really Change Insurance?
Automation is becoming more common and accessible for many fields and industries, using technology to streamline workflows. But many adopters of automation focus exclusively on automating physical processes like manufacturing while completely overlooking the many applications of automation for everyday business tasks.
What Are Data Silos and How to Avoid Them
Data is central to any business process, especially in information-heavy industries like insurance. Getting the right data can be a challenge, even when an organization has already done the work of collecting it. When companies consistently struggle to access data internally, they may be facing data silos. Data silos are one of the greatest sources of inefficiency, and avoiding them is key to making fast, informed decisions.
What is Data Integration and Why Does it Matter?
Data integration was once time-consuming, and many companies still rely on manually integrated data to keep all records up to date. However, automation is leading the charge for businesses preparing for a more efficient, connected future. In fact, automation for data integration is transforming the way organizations collect and use their data, eliminating both inefficiency and the potential for human error.
Does my Company Need a Custom Business App?
Businesses today are using custom business apps more than ever. Specialized software has transformed the way organizations operate in an increasingly complex business world, and having the right tools can have significant benefits over traditional programs. Many businesses, especially in the world of insurance, may not even be aware of the different kinds of business applications available and their potential impact on efficiency.
