New Technology
CT…Oh! Interesting Ideas from Sapiens’ CTO
Ben Shory, Sapiens’ CTO and head of the Digital division, drives innovation and new developments to commercialize digital solutions. In this interview, Ben touches upon an insurance paradigm shift and speaks about how he and his talented team are channeling…
Necessary Infrastructure to Benefit from Machine Learning
As with so many other of insurers’ initiatives/goals, possessing a modern, innovative policy administration system (PAS) is absolutely essential. To put it bluntly, decades-old legacy systems are not going to cut it when it comes to machine learning/cognitive computing. It’s…
3 More Machine Learning Benefits for Insurance Companies
My previous blog post in this series highlighted three machine learning business benefits for insurance companies. Here are three more: Greater Efficiency via Chatbots Powered by machine learning, chatbots automate tasks normally performed by humans, more efficiently and accurately. Chatbots…
3 Machine Learning Business Benefits for Insurance Companies
There are many ways that machine learning and cognitive computing can help insurance companies evolve into the types of service providers that customers are demanding in our connected and advanced world. Some of these business benefits are connected to greater…
Machine Learning & Cognitive Computing to Shake Up the Insurance Industry
Using machine learning and cognitive computing (which I defined in my previous blog post) is an efficient and advanced way for organizations across verticals to improve processes and save time, manpower and ultimately, money. With traditional computing, processes are programmed…
Machine Learning is Necessary for Today’s Insurers
Let’s imagine a fictional millennial named “Nick Loehanson.” He’s 29 years old (they grow up so fast), newly married and works as a project manager for a tech company. His life is typical for his generation – he’s been ordering…
Essentials for Continuous Underwriting Success
Advanced Analytics Our previous blog post in this series looked at the tremendous business benefits insurers can reap from continuous underwriting. To succeed, insurers must be able to process the tremendous amounts of data that are being generated every second and draw…
Better Communication is Key for the Reinsurer-Insurer Relationship
An inability to communicate effectively can obviously harm relationships. Renowned author and psychology professor, Dr. John Gottman, cites “stonewalling” as a major predictor of divorce among married couples. Being unresponsive can also harm businesses, including insurers. Providers want to work…
The Business Benefits of Continuous Underwriting for Insurers
Continuous underwriting offers a wealth of benefits to life insurers. Value Propositions A report by Celent, a leading research and consulting firm, looked at continuous underwriting’s top value propositions. Insurer shareholders ranked first place in the survey, based on the…
Insurers Making Interesting Use of Continuous Underwriting
As noted in one of my previous blog posts, several factors are fueling the growing continuous underwriting trend. There are already a few notable insurers who are doing interesting things in this space around the globe. My new white paper, “Continuous…
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