The insurance and finance industries are heavily service-oriented, and both carry risks over time regarding operations and customer handling. There is a saying that goes, “Without risk, there is no reward”; it applies to all service industries. One of the common activities of the insurance sector is insurance claim processing, a time-consuming and cumbersome process..
Digitalization has changed the way nearly every industry operates – see the impact it has had on insurance and how you can keep up. One of the biggest benefits of digital transformation is that it can help insurers to improve customer experience and engagement.
The incorporation of digital transformation into every facet of their business environment benefits insurance companies. However, plans for digital transformation are frequently hampered by the complexity of current legacy information technology systems. Integrating data from numerous platforms and organizational units can be challenging. Legacy systems can be a source of several integration issues, including the..
