Santa Barbara, CA – July 2, 2019 – Harnessing the Opportunities of Insurance Innovation
General insurance companies today face rapidly increasing demands both externally and internally. Externally, customers and agents alike expect a purchase process that used to be slow and complicated to now be fast and easy. Internally, there’s pressure to implement ever more sophisticated risk pricing and eligibility screening, augmenting the basic rate tables and human judgement of the past.
Technological innovation is typically heralded as the solution to these challenges, but insurance companies historically have struggled to adopt new technologies, says Michael DeGusta, CEO at ClarionDoor. As a result, many technology departments are being left further behind than ever. However, new solutions and new approaches can now make organisations faster, more efficient and successful.