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Watch Out for These 5 Pitfalls of Automation in Insurance Automation and robotic process automation (RPA) have become powerful enablers of efficiency across the insurance industry. From reducing claims handling costs and improving submission quality to relieving service teams of repetitive work, the potential benefits are significant. Yet
Do you know the difference between a liability and an asset? Of course you do! So why do so many people get them confused when it comes to Analytics?
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Resource Pro Editorial Team
Carriers are proactively evolving their loss control practice to create more value and strengthen the relationship between the carrier and the policyholder, improving the customer experience in a meaningful way.
Insurance agencies with surplus lines licenses have some special compliance requirements that those handling only admitted insurance do not, such as the “zero reports” statement to state regulators.
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Resource Pro Editorial Team
- Corporate News
Fatima Dean, Director, Client Development, sat with AM Best TV at the WSIA conference in San Diego to discuss some of the biggest challenges MGA’s are facing and understanding the future of underwriters’ roles.
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ReSource Pro
The insurtech movement, which began around 2010, is both maturing and evolving. This is especially true in the P&C claims space, where companies are gaining traction and having a significant impact on their customers.
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Mark Breading
Getting the right answer to the governance question is one of the most important factors affecting the success of strategic initiatives. In our work with clients, we see four keys to getting the governance question right.
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Resource Pro Editorial Team
Dropping the ball on regulatory issues can halt insurance agency growth, disrupt service, and result in costly penalties. Agencies need an experienced partner to ensure compliance full time.
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Resource Pro Editorial Team
' The past two years are clear evidence of how commercial lines adapted to a rapidly changing world, especially underwriting. Now, insurers are accelerating their plans to move their underwriting departments into the next era.
Robotic process automation is a powerful tool that can improve operations in a myriad of ways. When employed correctly, RPA can help employees free up as much as 30% capacity at an enterprise level.
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Resource Pro Editorial Team
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