Insurance has always been an industry built on the premise of managing risk, but today’s insurers are facing a new challenge: keeping pace with...
Continuing a multi-year trend, US private auto insurance premiums saw another major surge in Q1 2023, reaching $76.30 billion, an increase of $7.48 billion...
Underwriting is the backbone of the life insurance industry, playing a critical role in risk assessment and management. This process ensures that insurance companies...
Insurance agencies often feel that dealing with Insurance Back Office Management is like walking on a tightrope. The need to augment efficiency, promote agility,...
When considering strategies for enhancing business operations, insurance agencies and MGAs should consider the potential of outsourcing for three key steps: insurance verification, policy...
“Change is inevitable,” and this holds for underwriting in the insurance industry. Once a time-consuming and manual task, underwriting is now witnessing a substantial...
While climate insurance plays a crucial role in mitigating the financial impact of these catastrophes, its ability to cope with their growing scale is...
Insurance claim processing has emerged as a significant factor influencing customer satisfaction and loyalty in the insurance sector. A study by McKinsey highlights that...
In an era where the global insurance industry grapples with an escalating challenge of fraudulent claims, it becomes crucial to dissect the issue holistically....
The insurance industry is a competitive landscape, where operational efficiency is a necessity for survival and growth. Among all operations, claims processing stands out...