four for the week – vol 5

Welcome to our fifth edition of Four For the Week (44TW)! This week we’ll be looking at the world of insureTech investing through an article from Dig-IN, tracking trends in the industry with WNS, diving into resiliency through automation with EdgeVerve, and sharing some general tips on hurricane preparedness.

1) Dig-IN – The Next Big Wave of Insure Tech Ideas

Technology & Connectedness

Denis Connolly, VP, Corporate Development

Nathan Golia, Editor In Chief, Dig-IN Source media shares an interesting perspective on what may be happening below the surface of Insure Tech Investments. Either way, the combined forces of; 1) Current investment declines 2) Insurer and employer’s needs for customer and employee safety along with 3) Greater touchless and digital consumer adoption will certainly bring into focus the future opportunities for Insurtech. These elements can actually benefit Insurtech to insurer adoption where remote functionality becomes a key to success.

View Article

2) Top Five Emerging Trends in the Insurance Industry

What’s Now & Next

Claimatic Team

Increased commoditization of insurance products, changing customer expectations, reduced time-to-market for new products and services, and changing regulatory environment are posing new challenges for insurance players. The global insurance market is experiencing a transformation to ‘digital-first’ business models that can unlock new value worth billions of dollars. With an increasing focus on personalized premiums and usage-based coverage, insurers are leveraging Internet of Things, advanced analytics and machine learning to develop more granular individual risk profile. Collaboration between traditional insurance and InsurTech firms will give rise to newer models and revenue streams, higher profitability and reduced operational costs.

3) Automation delivering business resilience | British Telecom Case Study

Technology & Connectedness

Denis Connolly, VP, Corporate Development

EdgeVerve along with their customer, British Telecom, and partner, Infosys BPM, share how Automation can help ensure business continuity and build immunity towards future crises. Get to know interesting insights on how British Telecom navigated the impact of this current crisis by implementing powerful Automation solutions at speed.

4) National Hurricane Preparedness

Claimatic Team

Be ready for hurricane season. Today you can determine your personal hurricane risk, find out if you live in a hurricane evacuation zone, and review/update insurance policies. You can also make a list of items to replenish hurricane emergency supplies and start thinking about how you will prepare your home for the coming hurricane season. If you live in hurricane-prone areas, you are encouraged to complete these simple preparations before hurricane season begins on June 1.

Claimatic is the first dedicated decisioning solution for insurance claims routing and assignment for the enterprise. We believe we stand alone in offering the platform, and administrative tools to quickly configure, deploy and manage the routing and assignment of hundreds to hundreds of thousands of claims at once, while supporting the unique processes and rules for your business.

Customers choose us as a partner because we offer the only open, low TCO solution to meet their needs, regardless of Insurance Claims Management software platforms. We work across platforms and enterprise systems, information sources and software languages in use within the enterprise and across our customers’ partner networks. Our technology supports hundreds of factors involved in claim decisioning, thousands of entities involved in claims resolution, and millions of claims cases, all within a single deployment.

Customers who partner with Claimatic acquire significant advantages from working with a company that has focused exclusively on this set of challenges since day one – the product they need, and the results they want— the right resource, assigned to the right claim, at the right time.

Wes Bright, Product Leader