Three Ways Technology Is Changing the Nature of the Property & Casualty Industry
The insurance industry is always changing, but continuous technological advancements have the pace of change occurring faster than ever before. Property & Casualty (P&C) market insiders are experiencing companies of all sizes undertaking major digital initiatives to add efficiencies and increase economies of scale.
Five Guidelines for Provider Data Management
The majority of healthcare provider data today is fraught with inaccurate or duplicate information, causing a multitude of issues for claims organizations, notably workflow inefficiencies and suboptimal outcomes. An accurate provider database can help to improve efficiencies, but managing provider information is more difficult than it may seem on the surface.
AASCIF Annual Conference
The AASCIF Annual Conference brings together state funds from across the country every year for an event full
Why Provider Data Quality Matters
Poor quality business data can often lead to suboptimal decision-making and inefficient processes, and could be costing the U.S. economy up to $3.1 trillion each year, according to an IBM study. On the other hand, data sets that contain accurate, complete and consistent data can have a major positive impact in the decision-making process.
5G: What High-Flying Predictions Mean for the Property & Casualty and Collision Repair Industries
Today’s technology news is dominated by articles about the promise of 5G, and with 5G set to roll out even more broadly in 2020, the impact that it will have on the Property and Casualty and collision repair industries will be significant. 5G, so named because it’s the generation following today’s 4G, could bring mobile phones information 600 times faster than today’s speeds.
Premiums Written: Q1 2019 Casualty Must-Reads
2 MIN READ
This quarter, we were featured in PropertyCasualty360 where Executive Vice President and General Manager Nina Smith explained how technology and automation can actually help to further humanize the claims process by freeing up employee’s time to focus on the claimant.
The Power of Technology: Six Ways to Improve Casualty Claim Outcomes
7 MIN READ
Though the Property & Casualty (P&C) industry has made definitive inroads into technology adoption, there remain vast opportunities for the sector to reap the benefits of technology to achieve better, faster results. Insurers and claim organizations at large still have a big opportunity to digitize their operations to improve casualty claim outcomes––incumbent insurance carriers could more than double their profits over a five-year period by digitizing their current business operations, according to a McKinsey report.