Business and IT leaders, this edition is for you
The 2024 Vendor Guide: Adacta Takes Top Spots in ISG’s 2024 Insurance Solutions Report
Adacta has once again snagged a coveted spot as a Leader in the ISG (Information Services Group) Provider Lens? 2024 evaluation for both Life & Retirement and Property & Casualty Insurance Platform Solutions—it’s like winning gold medals in both disciplines at the software Olympics.
The 2024 ISG Provider Lens? Insurance Platform Solutions Report is your ultimate guide to the world of insurance platform solutions. It meticulously evaluates vendors based on their strengths, weaknesses, and market positions, ensuring you can make the most informed decision. Targeted at insurance business and IT decision-makers in Europe, it promises to enhance operational efficiency and market understanding. For those who find the nitty-gritty of insurance platforms riveting, this report is a must-read.
Underwriting in 2024: If You’re Still Using Spreadsheets, Read This
Despite the tech frenzy, only 8% of insurers can boast about their automated, data-driven underwriting prowess, according to 凯捷咨询 ’s World Property and Casualty Insurance Report 2024. The rest are still fumbling through spreadsheets like it's 1999, while the elite 8% of P&C trailblazers connect data dots, unlock actionable insights, and evolve the underwriter role.
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For example, 78% of trailblazers aim to deploy underwriters as sales enablers, compared with only 36% of mainstream insurers. Also, 100% deploy risk mitigation at scale versus 67% of mainstream insurers. As James Webb , Head of P&C Insurer Solutions from Salesforce puts it, “Underwriting expertise involves more than analyzing and pricing the next submission. It’s about developing client relationships and products and steering portfolios toward long-term profitability. Better data, analytics, automation, and AI will increasingly support underwriting decision quality and speed in the near and long term.”
For commercial lines, a golden opportunity lies in deploying digital workbenches like Adacta’s, which leverage tech-generated insights to boost productivity, discipline, and customer experience. These workbenches can help reduce underwriters’ workload, streamline processes, and improve risk assessment, especially on the commercial side.
Cloudy with a Chance of AdInsure: Forecasting 2028’s Tech Shift
Gartner's crystal ball says that by 2028, most organizations will fully transform into digital entities capable of sensing and responding to business and market conditions. According to Milind Govekar , Distinguished VP Analyst at Gartner : “With cloud computing becoming an integral part of business operations in 2028, CIOs and IT leaders will have to implement a highly efficient cloud operating model in order to achieve their desired business objectives".
AdInsure Cloud is already on this path. With AdInsure, you gain a robust, secure, and scalable cloud delivery model that offers extensive business functionalities across all departments, from sales and underwriting to claims and back-office. AdInsure’s platform is not only adaptable to current needs but also designed with future growth in mind, providing features that allow easy scaling and integration with other systems without requiring additional coding. With its comprehensive support system and managed services, companies can focus more on core business strategies while minimizing the typical technological burdens.