Automation

The Role of Policy Checking Software in Risk Management – A Comprehensive Guide

The Role of Policy Checking Software in Risk Management – A Comprehensive Guide Policy checking is a vital aspect of the insurance industry, as it ensures that policies comply with regulations, accurately reflect the coverage that policyholders have requested, and mitigate risks. A comprehensive policy check can help Brokers avoid costly errors and prevent legal […]

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Artificial Intelligence

Harness the Power of Real-Time Data to Stay Competitive in the Insurance Industry

Power Of Real-Time Data To Stay Competitive In The Insurance Industry Data has always played a crucial role in the insurance industry. Since the early days, insurance companies have been gathering, analyzing, and updating data to assess risk, set premiums, and make better decisions. However, the process of collecting and analyzing data was often long

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Why Policy Checking is the Future of Insurance Policy Management

Why Policy Checking is the Future of Insurance Policy Management

Why Policy Checking is the Future of Insurance Policy Management In today’s fast-paced business environment, insurance companies face mounting pressure to process policies quickly and efficiently while having to maintain regulatory compliance. The use of manual policy checking processes has fallen far behind. Failure to implement insurance policy checking software can lead to consequences that

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Six Common Causes of Agency E&O Claims and how to overcome them

Six Common Causes of Agency E&O Claims and how to overcome them Imagine there is a manufacturing firm that hires a consultant to calculate the long-term disability benefits of its employees. Somehow, he erroneously bases his calculations on the employee’s previous income instead of present salary. Due to the consultant’s negligence, the staff does not

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An insurance management software that improves your policy life cycle

Immediate Need for Modernization of Legacy Insurance Process

Immediate Need for Modernization of Legacy Insurance Process Did you know that Zurich Insurance Group (ZIG) became one of the early adopters of digital transformation?  Encumbered by the challenges of enhancing customer experience (CX) and meeting client expectations, ZIG became the first company to automate its customer service with AI. It created the virtual assistant

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