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Insurance

exigence

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.

startingpoint

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.

startingpoint

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.

serverless360

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.

redgate

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.

redgate

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.

exigence

The Complete Guide to Data Breach Insurance

It’s been noted that there are two types of organizations – those that have suffered a data breach, and those that will fall victim to a data breach sooner than later (most likely sooner). The hard truth of this statement is reflected in the fact that according to some sources 97% of networks will experience a security compromise over any given six-month period. And with a staggering 9.7 billion data records having been breached since 2013, these numbers are only rising.

Cloud-Based AML Services That Will Benefit Midsized Financial Institutions

There is a prevalent misconception that, compared to larger banks, midsized financial institutions are less vulnerable to money laundering and other financial crimes. Given their ubiquity, though, such a conclusion can only be described as hasty at best. In fact, institutions with USD 1 billion to USD 10 billion in assets make up 97 percent of the total number of banks in the United States.