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How DevOps is shaping Financial Services #2: The challenges in insurance

In this series of blog posts, we speak with database professionals from Financial Services organizations around the world to better understand how DevOps is shaping the sector. On the way, we dig into key current factors including the rise of technology upstarts in fintech and insurtech, the speed of digital transformation and the ever-increasing threat of cyberattacks.

Why AI Underwriting Software Is a Boon to the CRE Loan Sector in 2023

Artificial intelligence (AI) underwriting software has the potential to revolutionize the commercial real estate (CRE) loan sector in 2023. These cutting-edge technologies can streamline the underwriting process, improve risk assessment, and increase the speed of loan approvals. The CRE loan sector in the US is huge. According to IBIS World, the market size of the CRE loan sector is measured to be approximately $1.2 trillion in 2023 in the US. Hence, it is not easy to handle such a huge market manually. AI underwriting software helps increase loan processing speed, saving lenders and borrowers time and effort.

How To Make A Complete And Thorough Protection For Your Business

Protecting the business you have worked so hard to develop is an important step, whether you are just starting out or have been operating for some time. Unfortunately, many business owners overlook it in the haste of starting a business and running day-to-day operations. Here are some actions you can take right away to guarantee full and total protection for your business.

Key considerations before signing up for cyber insurance

With 2021 seeing 5.1 billion records breached and an annual increase in attacks at 11%, the risk of security incidents is only getting greater every year. And when an attack hits, the cost to recover, which includes fines, penalties, legal fees, and much more, are also great. To help minimize the scope of financial damage, many organizations turn to cyber insurance. Albeit a relatively new branch of insurance, demand is already huge and ever increasing.


5 Benefits of Operations Management Software For Insurance Companies

Operations management software is a must-have for insurance companies. From managing policies and processing claims to storing customer data and analyzing trends, insurance companies use operations management software to centralize a full range of processes. This article will explore the benefits of operations management software for insurance companies. ‍ StartingPoint has become a go-to platform for insurance companies looking to streamline their processes and embrace workflow automation.


Insurance Management Software (2022 Guide)

Insurance management software automates customer service and office management activities for insurance agencies. Many insurance agency software solutions include task management systems and cloud storage facilities, enabling team members to centralize key administrative tasks without having to navigate between multiple platforms. It’s a no-brainer for all agencies. Insurance agents are wasting far too much time on tedious and repetitive tasks that could easily be automated.


Insurance Claim Process Managed and Monitored with Serverless360

In recent times cloud computing has played a significant role in various domains. In this blog, we will look at how Serverless360 helps these domains fulfill their business needs. We will explore a global insurance provider’s business need with regional offices in several territories and partners in many countries who need to manage policies and contracts and submit claims from different countries to the customer to reduce the processing overhead and maximize automation opportunities.


The technology challenge of mergers and acquisitions in the insurance sector

Mergers and acquisitions are going on all over the market at the moment … and de-mergers as well, actually. Typically in a merger or acquisition, there’s some knowledge that it’s going to happen in advance. But until the Heads of Terms have been signed and there’s a Transition Service Agreement in place, people don’t really get moving with the activity needed to support the move, particularly on the technology side.


How database DevOps can enable the evolving insurance landscape

In 2020, Deloitte reported on The four trends that define insurance and showed that the future of the insurance marketplace is going to be significantly different. Life and Property and Casualty insurers, for example, estimated that 93% of their volume already came from propositions that were not offered five years ago. New propositions were expected to keep on rising, with nearly a quarter of investment spend in insurance allocated to new product development.