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3 tips to help Insurance Brokers accelerate their Digital Transformation

Digital transformation hasn’t left any industry untouched. The insurance industry is no exception to this. Much like any major industry, insurance is also facing a wide range of new developments and every firm’s future rests on its ability to adapt and evolve. The main changes could be around customer-centricity, but operational efficiency and data analytics […]

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Embrace Insurance Policy Lifecycle Automation With ExdionEDGE

Artificial intelligence is quickly becoming the norm in many industries — the insurance industry included. A report by McKinsey states that “AI and its related technologies will have a seismic impact on all aspects of the insurance industry, from distribution to underwriting and pricing to claims.” The insurance industry has been a paper-intensive industry with repetitive, manual

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Artificial Intelligence Review of Insurance policies – Are we there yet?

The use of Artificial Intelligence for insurance policy checking has grown by leaps and bounds as AI tools can rapidly compare a high volume of policy clauses and make human reviewers faster and effective. And why would they not? The technology that helps in automating the review of insurance policies has progressed dramatically over the

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Exdion empowers P&C businesses to transform their insurance operations process

The complex nature of the commercial insurance business results in time-consuming, inefficient processes, prone to human errors. The big challenge is that it restricts the ability to meet demands of millennials. Not anymore! P&C businesses can now embrace novel technology solutions including AI/ML to transform their insurance operations process to become agile, highly responsive and

Exdion empowers P&C businesses to transform their insurance operations process Read More »

3 tips to help Insurance Brokers accelerate their Digital Transformation

Digital transformation hasn’t left any industry untouched. The insurance industry is no exception to this. Much like any major industry, insurance is also facing a wide range of new developments and every firm’s future rests on its ability to adapt and evolve. The main changes could be around customer-centricity, but operational efficiency and data analytics

3 tips to help Insurance Brokers accelerate their Digital Transformation Read More »

5 Insurance Trends CIOs Need To Know For Digital Transformation

Digital transformation has become an extensive part of every walk of life. You just need to take one look around you to find how digitization has facilitated several processes, saved businesses a lot of time and improved overall employee productivity. Digital transformation has become all the rage in insurance, affecting processes from policy checking to

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How automation of policy checking can make manual policy checking redundant

Automation is extremely essential for the digital transformation and success of the insurance industry. Here’s why.  Operations teams inside insurance companies spend a great deal of time manually checking for policy errors and omissions. They check for mismatches between policies, proposals, and renewal documentation, looking for flaws that can be an expensive E&O error or

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