Digital Transformation: What Does this Mean for the Insurance Industry?

Over the course of the next decade, the Insurance Industry will succumb to a deep transformation of their processes and ultimately, core competencies for operation. Technology will lead the charge in helping shape a purpose driven experience for employees, effectively “digitally transforming” the industry into the 21st century and beyond.

Digital Transformation: What Other Industries Have Undergone Digital Transformation?

Nearly every industry has undergone some form of digital transformation. These solutions address a series of challenges that have plagued these organizations for decades and offer substantial returns on their investment that will continue in perpetuity for many years to come.

Digital Transformation: What is a Purpose-Driven Organization?

Creating a purpose driven organization is about transforming your existing processes and enabling your employees to expand their influence beyond the tactical – moving from what to why.

Digital Transformation: What Does that Even Mean?

Digital transformation. What does that phrase even mean? A quick search on Google will return a never-ending stream of definitions and explanations, each dancing around a concept that has swept over our industries. Some call it the “Fourth Industrial Revolution”; the newest wave of innovation that will enable our society to proliferate beyond the barriers of yesterday. Others take a more simplistic approach, calling it an improvement of business process with technology. No matter how you define it, the impacts are inescapable.

Implementations & Integrations : Why This Matters to Your Business

For insurers, implementing a new core system enables them to unravel years, sometimes decades, of process and reimagine how they’re operating their business. The best core systems on the market will integrate seamlessly with multiple vendors, and enable customers to focus on what they do best…and outsource the rest.

Implementations & Integrations: The Role of Your Core System Vendor

The next time you evaluate core platforms for your business, ask how your vendor manages integrations, whether they have an open set of APIs, and what existing integration points they have for other customers. It is important to understand the foundational structure of your next vendor since your core system is the bed rock of your entire insurance operations.