Displaying "Transformation" articles (7)

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Insurers Can Avoid Cyber Attacks Amid Increased Cybersecurity Concerns

As insurers embrace new digital channels, avoiding ransomware, data breaches, and other cyberattacks is their top priority. Survey results from the Earnix 2023 Industry Trends report: Insurance Operations in a Changing Industry and additional statistics provide even more insights.

The Personalization Gap

According to the findings of our 2023 trends report, personalization remains a clear priority for insurance executives and leaders. However, the majority of carriers have not yet fully executed their envisioned strategies. Many identify data privacy and competitors’ offerings as the primary challenges hindering their personalization efforts.

Innovation Roadmap for the Insurance Industry

Earnix’s Model Accelerator overcomes software constraints by allowing Data Scientists to choose their preferred tools for modeling. Now, any machine learning model can be imported seamlessly into Earnix for underwriting, pricing and rating.

Modernizing & Upgrading Insurance Underwriting

Modernizing & Upgrading Insurance Underwriting

With new technology and the assistance of a reliable and knowledgeable partner, insurers can move rapidly to generate improved business results. Now is the time to move forward with modernizing and upgrading underwriting in insurance.

Winning in a Changing Insurance Landscape with Agile Operations

Winning in a Changing Insurance Landscape with Agile Operations

If insurers want to be able to keep up with changing customer expectations and shifting market conditions, one thing is certain: they need to be a lot faster.

10 Insurance Technology Trends Reshaping the Industry

A number of high-impact business trends are shaping and reshaping the insurance industry as we speak. Capgemini’s Executive Vice President, Seth Rachlin, Ph.D., shares his thoughts on why companies need to “prepare for the world as it is today, and not as it used to be.”

Common Errors in the Pricing Process

While insurance companies and their embedded pricing teams had the best of intentions, more often than not, they wound up with a pricing environment made up of too many tools, too much manual effort, and too much that could go wrong. Here's a closer look at the many challenges caused by a fragmented approach to pricing and rating, and the over-reliance on too many disparate solutions.