Insight Risk Technologies’ Post

📊 TISCO Systems: Revolutionizing Risk Management   In a world striving for environmental sustainability, paper-based processes in insurance pose significant challenges. Here's why embracing digital transformation with TISCO Systems is the way forward:   1. 📜 Eliminating Paper Dependency: Traditional insurance systems reliant on paper-based processes contribute to climate change. TISCO offers a fully integrated platform with a robust workflow engine, ensuring compliance and efficiency in every business process.   2. 🔄 Streamlining Data Capture: With TISCO, data entry is a breeze. The platform's single point of entry requirement simplifies operations and reduces manual efforts, enhancing overall productivity.   3. 🤖 Automating Lifecycle Management: TISCO's workflow platform manages the entire policy lifecycle seamlessly, automating tasks from inception to renewal, and even cancellation. Process automation and robotic management drive efficiency and collaboration.   4. 🌐 Embracing Digital Transformation: Since its inception in 1997, TISCO recognized the transformative power of digital technology. The platform's no-code configuration tool and seamless data flow between modules facilitate efficient work environments, even in remote settings.   5. 📈 Real-Time Data Accessibility: TISCO ensures data flows seamlessly between systems and people, enabling automatic checks and real-time updates. The platform's integrated modules provide accurate data analysis for informed decision-making.   6. 🚀 Powerful Features: TISCO's Builder tool empowers customization based on data standards, while its digital processing platform automates risk management processes and integrates with reinsurance obligations.   7. 🔍 Core Risk Management: The risk item container centralizes all risk-related data fields, driving automated underwriting and rating. Real-time auditing ensures compliance and provides a single view of risk management processes.   8. 🛠️ Integrated Workflow: TISCO's internet-enabled interface allows for fast response times and real-time error recognition. Brokers and insurers collaborate seamlessly, reducing data recapture and ensuring accuracy.   9. 📝 Binder Platform: With TISCO, managing binders becomes a team effort. All reporting and workflow audit functions are in real-time, streamlining operations and enhancing efficiency.   If you're ready to embrace digital transformation and revolutionize your risk management processes, connect with TISCO Systems today. Let us be your partner on this transformative journey. #howtiscoworks #TISCO #DigitalTransformation #RiskManagement #Insurance #WorkflowAutomation #DataIntegration #Sustainability #Efficiencyb

📊 TISCO Systems: Revolutionizing Risk Management   In a world striving for environmental sustainability, paper-based processes in insurance pose significant challenges. Here's why embracing digital transformation with TISCO Systems is the way forward. If you're ready to embrace digital transformation and revolutionize your risk management processes, connect with TISCO Systems today. Let us be your partner on this transformative journey. #howtiscoworks #TISCO #DigitalTransformation #RiskManagement #Insurance #WorkflowAutomation #DataIntegration #Sustainability #Efficiencyb

As we gear up to #rims2024, here are three ways Swiss Re Corporate Solutions Latin America can leverage on our expertise and capabilities to deliver innovative solutions to emerging customers’ needs to clients and brokers: 1.      Safely expand internationally: growing FDI (Foreign Direct Investment) in the region will continue to foster Latin American companies to expand regionally and globally. Our international program capabilities in the region can help emerging and established multinational companies to bundle their insurance policies into regional or global insurance programs and safely expand their operations. 2.      Risk Management: Customers are more than never seeking expert advice on how to identify and quantify their traditional and emerging risk exposures. Swiss Re Corporate Solutions has developed a Data Analytics platform called Risk Data & Services (RDS) to help customers cross-reference Swiss Re’s risk databases – such as natcat exposure - with their own data, for instance, its sites and supplier locations to better assess catastrophic loss exposure or supply chain risks. 3.      Innovative Risk Solutions: traditional insurance and reinsurance is not always sufficient to meet customer needs, especially on large insurance placements or high hazard occupancies. Our Innovative Risk Solution (IRS) team can help brokers and customers to find ways to complement traditional insurance policies or build a stand-alone solution. Interested in exploring more? Please reach out to our teams and we will be happy to meet and discuss in San Diego! #Riskworld2024 #SwissReCorporateSolutions #SanDiego #RIMS

A new era for insurance risk modelling and pricing Enhancing pricing capabilities a critical imperative As the insurance industry comes under growing pressure to embrace and adopt change, insurers have already been showing their nimbleness as key issues like the implementation of International Financial Reporting Standard 17 and the COVID-19 pandemic spurred major transformations to technology systems, financial reporting processes, marketing strategies and distribution channels. Insurers need to maintain their recent transformation momentum, particularly in light of some of the global megatrends impacting their businesses. https://lnkd.in/dJ3meUn8

Deloitte’s 2024 Canadian insurance outlook highlights the need for successful change management. Is your organization primed to thrive? Learn how to in our webinar 👉 https://bit.ly/3YuT9mZ Adopting the customer-centric model modern insurers strive for requires advanced technology and cultural shifts to reduce silos, boost collaboration, and improve data access. Yet, without a strategic roadmap, this vision remains just that—a vision. We're hosting our "Catalyzing Progress: Insurance Change Management 101" webinar on August 14th, 11:00 EDT. Joined by: Jennifer Leflar, VP Enterprise Change Management, SGI Parin Kothari, AVP Digital Transformation, Manulife George Sahyoun, Sr. Director & Head Digital Risk, Operations, Planning & Agile Transformation, RBC Insurance Moderated by James M. Benham, Host, InsurTech Geek Podcast Walk away with actionable insights on how to: 🎯 Implement Change Strategies: Discover practical approaches to navigate digital changes, reduce resistance, boost engagement, and meet your change management goals 🕰 Embrace True Agility: Build an agile culture that aligns with your strategy and swiftly adapts to market shifts, encourages innovation, and fosters a dynamic and responsive business environment 🤝 Drive Customer-Centric Transformation: Put your customers at the core of your transformation strategy, enhancing brand loyalty and meeting modern market demands effectively Register to watch live, or receive a recording straight to your inbox if you can’t make it - sign up here: https://bit.ly/3YuT9mZ #changemanagement #digitaltransformation #leadership #transformation #FoiCanada

2025 INSURANCE ESTIMATION LANDSCAPE: REDEFINING RISK AND RESILIENCE The global insurance industry stands on the precipice of monumental transformation as we enter 2025. This evolving estimated landscape is characterized by a convergence of technological advancements, shifting customer expectations, and an increasingly volatile risk environment. From the surge in renewable energy projects to the rapid digitalization of services, insurers are now required to recalibrate their estimation models. Emerging risks like climate change, cyber threats, and geopolitical instability add complexity, pushing traditional methods to their limits. This preface outlines the key themes that will shape the insurance estimation framework for 2025. The focus will be on recalibrating risk evaluation, integrating advanced analytics and artificial intelligence, and navigating regulatory changes. As the sector adapts to these changes, the critical question remains: How can insurers strike the right balance between innovation and resilience while maintaining profitability in a world defined by uncertainty? The following summary will explore these dynamics , offering guidance to how the industry can position itself for sustained growth and efficiency in the coming years. #2025estimatedinsurancelandscape

Ready to delve into an insightful journey of technology's transformative impact on risk management in the UK's insurance sector? Technology isn't just shaping our everyday lives, it's completely revolutionising industries, including insurance. In this riveting piece, we delve deep into how cutting edge tech is combating challenges and easing risk management processes in the insurance industry. A key player at the forefront of this tech revolution is UK InsurTech company, Balkerne. Under the exceptional leadership of founders Harish Pesala and Jonathan Crook, Balkerne is leading the charge in risk management solutions, providing companies with the tools to manage risks and insurance through technology. Their innovative platform provides property-specific, live information across various risk domains, enabling property owners and operators to significantly decrease business interruptions and losses. Witness how Balkerne is transforming the insurance sector in our latest article here: https://UKT.news/?p=13168 A hearty salute to Balkerne and all such disruptors who are paving the way for a stronger and safer tomorrow. To more such innovations and success stories! #InsurTech #RiskManagement #Innovation #InsuranceTech #Balkerne #UKTechNews

Insurance Digital Transformation refers to the comprehensive integration of digital technologies into all areas of an insurance business, fundamentally changing how they operate and deliver value to customers. It’s not just about adopting new technologies but about transforming business models, processes, and the customer experience to meet changing market demands and expectations. This transformation impacts various aspects of the insurance industry, including underwriting, claims processing, customer service, and product development. https://lnkd.in/daC7GPwT

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