If you’re wondering what to invest in, in terms of technology, this year for your insurance brokerage – you could do worse than focus on technologies which can help with marketing and selling your products. You should also look at how marketing can support these technologies. We’ve got some ideas that might help you focus…
A recent report in the US; The State of Insurance Fraud Technology revealed some worrying numbers. In particular, only 14% of insurers are using advanced technological fraud detection techniques. Given the rise in sophisticated insurance fraud rings – this seems a little disturbing. However, it may just be that the industry isn’t aware of what…
Technology brings change; it’s inevitable. Most change is positive; it makes us more productive, it allows us to do things more safely, it brings convenience but there is also disruptive change. A recent paper from Oxford University sheds light on a change that some in the insurance industry will not appreciate; “The Future of Employment:…
Happy New Year to our readers. We wish you a happy and prosperous trip through 2014. With that in mind we’ve put together a list of technology trends that we think insurers and brokers should be keeping a close eye on as the year progresses. Insurance Gets into the Cloud The “cloud” is simply a…
Please Note: This article has been amended since the original publication date following clarification from SpatialKey. One big challenge facing insurers is how to accurately assess flood risk. Given that flood damage is usually substantial and costly; it’s vital for insurers to be able to develop premiums that reflect the genuine level of risk involved…
The Two Key Drivers for Insurance Technology for the Coming Years Insurers may have been a little late getting on board with the opportunities offered by new technologies but there’s a sense of optimism in the air now. The standard drivers for technology adoption haven’t changed very much over the years: Reducing Risk – The…
Insurance technology project planning can often lead to developing a range of plans for different technologies at the same time. Then when it comes to implementation there’s a necessary recognition that you only have so much resource to deploy and that some of your plans might need to sit around for a while until you…
