New Technology
Main Benefits of Cloud Computing and Managed Services for Insurers
While concerns do exist over some areas of the cloud, such as security, the advantages are overwhelming. Surveys have shown a drop in these concerns as use of the cloud becomes more widespread and expertise in all areas is on…
Only 20% of Insurance CEOs Feel Prepared for Cyber Attacks
Before insurers can offer effective coverage to their own customers, they must ensure that their own cyber security is up to the task. If they are vulnerable, their reputation as an expert in the field of cyber security insurance will…
Insurers are Targets for Cyber Hackers
An insurance provider in the EMEA region experienced every insurer’s worst nightmare in June 2018. Hackers illegally entered the company’s information-technology infrastructure, accessed customer emails and demanded ransom. News of this breach resulted in an immediate drop in the stock…
Cloud Computing and Managed Services for Insurers
Challenges Facing Today’s Insurers Insurers are not unique among businesses in the world in facing significant challenges. They’re constantly looking for new ways to reduce costs, drive revenue, improve collaboration, offer value to their customers and reduce time to market…
What are the Benefits of Cloud Managed Services?
Using cloud managed services, organizations can add to their existing competencies or replace costly functions or processes. Cloud managed services can transform IT systems and automate business processes, allowing the organization to focus more of their resources and efforts on…
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…
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