“The conservative reputation the industry enjoys has served to camouflage a tremendous track record of innovation.” – Deloitte | Despite its longstanding conservative, stoic persona the life insurance industry has always experienced innovation. The difference now is that insurance innovation has become the new face of the industry because of the adjective that’s been tacked on to it: disruptive.
A lot of people think that robotic process automation (RPA) is a new technology that just came to fruition. This is not true. It is definitely a buzzword at the moment, but in actuality, RPA has been around for years. Remember when automated customer service systems first made their debut
Gambling and life insurance – a surprising yet oddly appropriate pair. That’s what I thought as I walked through The Bellagio doors on a sunny, April day in Las Vegas. I wasn’t there to play games of chance though – I was at the 2016 LIMRA Life Insurance Conference to learn about disruptive innovation examples in insurance and how Pyramid Solutions can help the industry with advanced case management and analytics – honestly.
Advanced analytics in life insurance is all the rage. Insurers collect an abundant amount of data on their customers, but more often than not, this data slowly becomes dark data that is not leveraged. More specifically, an article by Deloitte predicts that by 2020, the total size of the digital universe will be 44 zettabytes (44 trillion gigabytes) — with 37% of that data not being used.
If your organization currently uses IBM FileNet Capture, your operations are at risk. IBM recently announced that they will discontinue support for IBM FileNet Capture on September 30, 2019.
For an industry typically associated with being stale and stagnant, the latest insurance software products are definitely not those things. Every day visionary tech and software companies release new products that improve the back-end experience for users of insurance software and the front-end experience for insurance consumers. Here are a few different insurance software products and technologies that are moving the industry from stale and stagnant to innovative and influential.
In the past, IBM has had conferences focused specifically on enterprise content management (ECM) like Information on Demand and Insight, but in the past few years, they’ve gradually melted all their conferences together into World of Watson in 2016 and IBM Think coming up in two weeks.
You know the Cheez-It commercial where the lab tech assesses how mature the wheel of cheese is? How would your organization’s enterprise content management (ECM) strategy do when put to the maturity test?
From Information on Demand to Insight to World of Watson comes IBM’s newest mega conference: IBM Think. Now, navigating the IBM Think website and finding the information you actually need can be tricky so here’s a quick reference guide.
If you’re only as good as the tools you’re using, then your life insurance software needs to be pretty stinkin’ amazing. With time being so precious, does your life insurance software optimize it? Here are seven time-saving features that every life insurance software should have.
It seems like everything I read talks about how life insurers need to innovate to achieve organic growth. They need to overhaul legacy systems and ditch the manual processes. They need to adjust to their demanding customer-base: millennials.
Peyton Manning went on to talk about how the bad advice yielded a valuable lesson – that respect and leadership is earned. I think that lesson is extremely relevant to the mortgage industry — respect for your organization is earned, it’s not freely given, especially in today’s competitive market. So how do banks and financial lenders earn their customer’s respect? Well, Manning had a few more pieces of advice…