Nov 30, 11:00am For many Group and Worksite insurers, the idea of a single core system that can handle all of their lines of business, distribution channels, and customer segments was the desired but unobtainable goal leading to layers of multiple legacy systems patched together with feeds and workflows.
The insurance industry’s adoption of telematics is still relatively low, but rapid growth is expected over the next few years. This growth presents an opportunity for innovative insurance carriers, and a risk for those who lag behind.
Analytics permeates all aspects of insurance — every line of business, each department, and many insurtech and digital transformation initiatives. Insurers continue to strive for analytic fluency, to leverage predictive and prescriptive models for competitive differentiation and market leadership.