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.
Today’s insurance customers value freedom, choice, and flexibility. Digital tools help them find products that fit their unique situation, compare offers, and find answers instantly. Learn how your organization can win over millennials and become this generation’s choice insurance provider.
To meet their goals for growth and profitability - and to adapt to change - insurers need and adaptive policy administration system with rules-based product configuration tools that enable them to delivers speed, reliability and consistency, throughout the product development process.