Deciding on any significant organizational change is difficult. There are multiple stakeholders to please, a budget to meet, and risks to manage. When the change involves choosing and implementing a new system, there are even more issues: establishing that it meets your organization’s security needs and expectations can be complicated. If you’re looking for a new system, here are 30 questions you may consider asking to determine if it’s the right option:
By Craig Rowe Wed, Apr 14, 2021 @ 17:04 PM
There are several insurance technology trends that insurance professionals must take advantage of to stay on top of the competition. I would like to talk a little more in-depth about cloud computing and business automation in the insurance industry.
Moving to the cloud is becoming commonplace in the world of insurance. In fact, 4 out of 5 of the world’s largest brokers, including Aon and Wells Fargo Insurance Services, use cloud applications to manage customer and carrier relationships around the globe. Adopting the cloud is inevitable.
However, many still fear the cloud, even when considering the efficiencies that come along with it. Salesforce.com, one of the leading cloud platforms for the insurance industry, notes significant improvements across their customer base in a new survey. Among the many improvements, Salesforce.com users reported:
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By Craig Rowe Wed, Apr 14, 2021 @ 14:04 PM
Most organizations look to financial risk transfer through insurance as their first response to managing risks. Out of all the risk management tools available, insurance can often be the most expensive option. There are a number of simple things that can be done to minimize your insurance-related costs and to get better terms in the insurance market through your broker.
By Rebecca Webb Wed, Mar 31, 2021 @ 14:03 PM
Data analysis can help predict the outcome of a situation or allow you to protect your organization against risk. As discussed in a previous blog post, analysis has many benefits including mitigating repetitive losses, lowering insurance premiums, and more.
We recognize that data analysis can be difficult, particularly for organizations with a lot of data and complex processes. In fact, an estimated 75% of organizations lack the technology or strategy to effectively use their data. That’s why we came up with this simple guide on the steps for data analysis.
By Rebecca Webb Wed, Mar 24, 2021 @ 14:03 PM
Municipal risk managers have significant responsibilities. Resident complaints, employee incidents, and a continuous stream of claims are just some of the challenges that are compounded by an inefficient system and the need to juggle priorities. Claims and risk automation allows the public sector to streamline their processes and achieve numerous benefits.
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