Celent’s Post

I recently spoke with the COO of a major motor insurer who emphasised that data and analytics are the future of the insurance industry. They highlighted that effectively capturing and analysing data across all functions will drive the biggest revolution and innovation in the industry. This approach will enhance claims processing, underwriting, pricing, risk assessment, customer experience, and product development, making each facet of the business more efficient, targeted, and interconnected. Do you agree with this perspective, or do you believe there are other critical changes needed in the way we approach insurance? #insurance #insurtech #specialistrecruitment

Looking to refine your insurance processes for efficiency and effectiveness? Our Smart Underwriting system is designed to do just that. Here's what sets us apart:   Enhanced Efficiency: Our AI-powered solution accelerates insurance applications and slashes costs. Regulatory Compliance: We prioritise data security and ensure full compliance with regulations. Real-time Underwriting: Say goodbye to waiting - with instant decision-making. Reach out to discover how Smart Underwriting can elevate your business efficiency and client satisfaction! https://lnkd.in/d9Y6k7Nt #SmartUnderwriting #InsuranceOptimisation #Efficiency #InsuranceInnovation 

Strategies for Leveraging Top Data Trends to Fuel Game-Changing P&C Innovation According to industry analysts, savvy insurers leveraging modern data and analytics can improve loss ratios up to 5%, increase new premiums up to 15%, and boost retention in their most profitable segments up to 10%. In an all-new InsurTalk, hosted by Guidewire's Chief Evangelist Laura Drabik, the Senior Vice President & Chief Technology Officer of Property and Casualty Technology at Nationwide Guru Vasudeva offers expert insights on transforming the strategic application of data into game-changing innovation. Listen now—https://lnkd.in/g7zBDui5 #PandCinsurance #dataanalytics

Strategies for Leveraging Top Data Trends to Fuel Game-Changing P&C Innovation According to industry analysts, savvy insurers leveraging modern data and analytics can improve loss ratios up to 5%, increase new premiums up to 15%, and boost retention in their most profitable segments up to 10%. In an all-new InsurTalk, hosted by Guidewire's Chief Evangelist Laura Drabik, the Senior Vice President & Chief Technology Officer of Property and Casualty Technology at Nationwide Guru Vasudeva offers expert insights on transforming the strategic application of data into game-changing innovation. Listen now—https://lnkd.in/g7zBDui5 #PandCinsurance #dataanalytics

Strategies for Leveraging Top Data Trends to Fuel Game-Changing P&C Innovation According to industry analysts, savvy insurers leveraging modern data and analytics can improve loss ratios up to 5%, increase new premiums up to 15%, and boost retention in their most profitable segments up to 10%. In an all-new InsurTalk, hosted by Guidewire's Chief Evangelist Laura Drabik, the Senior Vice President & Chief Technology Officer of Property and Casualty Technology at Nationwide Guru Vasudeva offers expert insights on transforming the strategic application of data into game-changing innovation. Listen now—https://lnkd.in/g7zBDui5 #PandCinsurance #dataanalytics

Strategies for Leveraging Top Data Trends to Fuel Game-Changing P&C Innovation According to industry analysts, savvy insurers leveraging modern data and analytics can improve loss ratios up to 5%, increase new premiums up to 15%, and boost retention in their most profitable segments up to 10%. In an all-new InsurTalk, hosted by Guidewire's Chief Evangelist Laura Drabik, the Senior Vice President & Chief Technology Officer of Property and Casualty Technology at Nationwide Guru Vasudeva offers expert insights on transforming the strategic application of data into game-changing innovation. Listen now—https://lnkd.in/g7zBDui5 #PandCinsurance #dataanalytics

Strategies for Leveraging Top Data Trends to Fuel Game-Changing P&C Innovation According to industry analysts, savvy insurers leveraging modern data and analytics can improve loss ratios up to 5%, increase new premiums up to 15%, and boost retention in their most profitable segments up to 10%. In an all-new InsurTalk, hosted by Guidewire's Chief Evangelist Laura Drabik, the Senior Vice President & Chief Technology Officer of Property and Casualty Technology at Nationwide Guru Vasudeva offers expert insights on transforming the strategic application of data into game-changing innovation. Listen now—https://lnkd.in/g7zBDui5 #PandCinsurance #dataanalytics

In today's commercial insurance market speed is essential for staying ahead. Our latest blog explores how modern data technology can accelerate your quote and bind processes, allowing brokers to deliver bindable quotes to customers faster. Learn how data integration and the automation it enables can transform your workflow - link in comments. #TechForBrokers #APIAutomation #DigitalInsurance #InsuranceInnovation

Leveraging Digital Tools 📈 In a recent discussion with FullCircl, our Head of Product and Proposition, Allen Seldon, delved into the evolving landscape of the insurance industry and the pivotal role of technology. As traditional data collection methods become outdated, the adoption of digital tools is reshaping how brokers assess and manage risks. Learn more below 👇 #closebrotherspremiumfinance #insurance #brokers #unlockingopportunities

🔮 Prediction: The insurance industry will continue to face challenges, but there is hope for improvement in claim processing and payment efficiency. - We must prioritize streamlining claim procedures to ensure prompt and fair compensation for policyholders. - Improved data analytics and technology can enhance the claims handling process and minimize delays. - Companies should invest in training for claims adjusters and adopt best practices to deliver better customer service. - Transparency and communication with policyholders are key in building trust and ensuring satisfaction. - The ongoing efforts to enhance claims processing will lead to a more efficient and customer-centric insurance market. Let's drive positive change together! #InsuranceIndustry #ClaimsProcessing #CustomerSatisfaction #Innovation #Progress