As an insurance executive, it’s becoming increasingly important to understand your technology and how your business is structured to deliver value to your customers. For many, they are realizing that their existing core platform is not keeping up with the trends of modern software-as-a-service solutions – which begs the question: What is SaaS? Below is a detailed breakdown of what you need to know the next time your business decides to evaluate a new piece of technology.
Spurred on by an increasingly competitive landscape, insurance companies have realized that one of the greatest driving factors for attracting and retaining members is the services they provide.
As the old saying goes, it costs money to make money. It’s no different for insurance companies. Losses incurred by claims throughout the year stand as some of the biggest considerations for leaders across the industry.