Displaying "Customer Centricity" articles (8)

Four Insurance Considerations to Stay Ahead in 2023

Four Insurance Considerations to Stay Ahead in 2023

Insurers face new trends, industry complications, and technology changes. In this eBook, we examine four of these new developments and show how they can present a real opportunity for insurance carriers who can quickly react and take advantage of all they have to offer.

A Winning Pricing Strategy for Auto Lenders

We spoke with Ryan Potts, Director of Pricing & Profitability, Dealer Services at U.S. Bank. A 14-year veteran of U.S. Bank, Ryan leads the consumer dealer services division, and he and his team are responsible for pricing and profitability for auto loans and auto leasing, as well as financing for recreational vehicles (RVs) and marine lending.

Leveraging Intelligent InsurOps to Relieve Upward Pressure on Premiums

The impact on claims from diverse forces as inflation, rising interest rates, altered driving patterns, cyber threats, and extreme weather events, to name just a few, create scenarios with upward pressure on premiums and highly uncertain outcomes.

Seizing Opportunities in Digital Automotive Finance

Seizing Opportunities in Digital Automotive Finance

With shrinking profit margins, auto manufacturers and lenders are embracing complementary products and services as never before. This has forced their thinking to evolve away from closed, legacy technology architectures and standalone software applications to a strategy that accommodates flexible connections with those partners.

The need for Personalization in Insurance

The need for Personalization in Insurance

Customers now demand personalized experiences. They’ve grown accustomed to personalization from so many companies they now do business with, across industries – from retail to travel to entertainment to banking and finance – and they’re increasingly expecting them from insurers.

Capitalizing on Intelligent InsurOps to Combat Inflation

Even in the best of times, economic forecasting can be an imprecise science. Governments, corporations, and private citizens all make key decisions based on these forecasts and inflation is among the most difficult economic parameters to predict. Businesses have no choice but to factor this into their strategies and tactics if they want to succeed. In today’s turbulent market, finding ways to mitigate inflation is more important than ever.

Meet the Needs of a Dynamic Market Through Composable Solutions

The concept of composability is well-established in other realms, with its original meaning coming from the world of music. Today, taking a composable view of the world of financial services, and executing on that worldview, delivers several compelling benefits to insurance and banking organizations.

Delivering Personalized Customer Experiences with Earnix

Delivering Personalized Customer Experiences with Earnix

Why should Insurers consider personalization strategies and tactics? Can’t they continue to price and deliver products and services in the same way they always have? The simple answer is that Personalization has the potential to deliver superior results. For example, early personalization programs have already shown they can increase total sales, improve customer engagement and loyalty, create more successful cross-selling efforts, and deliver the most appropriate insurance bundle to customers.