The insurance quoting process has changed shockingly little across the history of the profession. Back in the 1800s, carriers would deliver quotes via mail or messenger. Later we moved to overnight packages and faxes. Today, we use email. Other than the fact that the document is now digital, most companies’ delivery of the proposal is…
Insurance companies can substantially improve the benefits they gain from cloud computing if they align their business needs with the products and services offered by big cloud providers. Besides stepping up the migration of key applications and workloads to cloud services, choosing the provider with the right cloud solutions and tools can help them grow…
Consumer demand for wellness products and services has been accelerated by COVID-19. This sharpened focus on wellness presents insurers with the opportunity to create innovations and partnerships that yield positive outcomes for their customers and their businesses. Insurance companies will find natural synergies with companies in the wellness ecosystem. Those that help customers remain healthy…
In the first two parts of this series on the future of underwriting, we looked at how data, omnichannel access, and intelligent tools can be used to gather, validate, supplement and prepare information for underwriters. In this post, we’ll shift our focus to underwriting itself and how collaboration between humans and intelligent tools can take…
