Introduction In a rapidly changing world, the property insurance industry faces a multitude of challenges and opportunities. One of the most significant drivers of change is the integration of technology. As we enter the digital age, technology is transforming how…
Introduction Underwriting is the process of evaluating, accepting, or rejecting risks to determine whether or not to insure them. In the past, underwriting was a manual, time-consuming process that involved significant human effort. However, with the advent of artificial intelligence…
Introduction Traditional software applications are quickly becoming obsolete in today's competitive digital landscape as businesses strive to remain ahead of the competition. This is where application modernization comes in. Application modernization is the process of modernizing outdated or legacy applications…
Introduction Legacy software technologies, applications and systems are developed using older development and coding paradigms. It makes them difficult to maintain and upgrade to newer versions. In addition to the technical problems that can arise, there can be increased costs…
Introduction Legacy systems are functioning applications that are existing within many organizations. Organizations must decide how best to upgrade or modernize their existing legacy systems to maintain updated and competitive technologies. There are many benefits to modernizing legacy systems, such…
Introduction Data-driven decision making is the process of reaching conclusions based on data to advance company growth (DDDM). Companies overcome prejudices and make the best managerial decisions that are in line with their strategy by using the appropriate KPIs (key…
Introduction MGAs - Managing General Agents and other entities are required to verify the producer data they receive. Numerous regulatory authorities have started to develop and enforce data integrity rules in recent years.. This is a required adjustment because the…
IntroductionInsurance compliance management (ICM) is a crucial aspect of running a successful insurance business. It involves ensuring that the company adheres to all the regulatory requirements and industry standards Additionally, it makes sure that all procedures and guidelines adhere to…
Introduction Insurance data ownership is a complex and important issue in the insurance industry. It involves various stakeholders such as policyholders, insurers, and regulators. It is important to understand the rights and responsibilities of each of these stakeholders in order…
