Advancements in technology have allowed insurance CIOs to step back and look at the way the business is operating and how products are being delivered.
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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.
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.
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.