2 min read

Driving Customer Innovation and Value Together: The Power of Ecosystems

By Anne Freitas on Jan 19, 2021 6:00:00 AM

Changes in consumer behavior toward digital demand increased exponentially in 2020. As Satya Nadella, Microsoft’s CEO stated last year, “We’ve seen two years’ worth of digital transformation in two months.” The increasing customer demand for a superior digital experience has driven the need for insurers to accelerate their digital strategies. Meeting the ever evolving and increasing digital needs and expectations of today’s customer requires insurers to be able to pivot quickly and get to market even faster, while still focusing on cost savings, operational efficiency and business continuity. It would be almost impossible for an insurer to have the resources and expert capabilities to handle these challenges on their own. It takes strategic partnerships and a strong ecosystem for insurers to be able to provide a truly personalized digital customer experience. Partner ecosystems also play a pivotal role in an insurer’s ability to innovate and grow.

Topics: Technology & Innovation guidewire
3 min read

How to Reduce Time-to-Close Through Automation

By The One Inc Content Team on Dec 17, 2020 6:00:00 AM

In the claims process, speed matters. The 2019 J.D. Power U.S. Auto Claims Satisfaction Study found that customer satisfaction with the claims process had reached an all-time high, an improvement that was fueled by shorter cycle times.

Topics: Technology & Innovation Claims
3 min read

Sharpen Your Combined Ratio with Three Digital Insurance Advancements

By The One Inc Content Team on Nov 19, 2020 7:00:00 AM

Insurers are under increased pressure to improve their profitability, and digitalization provides a clear way forward.

Topics: Technology & Innovation Profits & Loss
3 min read

The Critical Role of Digital Payments in a Remote Insurance Environment

By Patricia Moore on Nov 12, 2020 7:00:00 AM

Although the pandemic continues to send economic shockwaves throughout the insurance industry, the degree and scope of impact has not been evenly distributed. Much of this disparity can be attributed to the digital infrastructure within each organization, as widespread social distancing mandates have forced businesses and consumers to abandon traditional in-person interactions in favor of remote access alternatives.

Topics: Payments Technology & Innovation
5 min read

Unlocking the Power of Digital Payments in Insurance

By Patricia Moore on Jun 29, 2020 6:00:00 AM

Determined to continue serving customers in the face of global crises, many insurance companies have accelerated their technology road-maps, optimizing processes and enhancing communication capabilities to meet the urgent needs of today’s consumers. And as the main touch-point between providers and policyholders, the area of payments has become a primary focus in the industry’s intensified commitment to digital transformation.

Topics: Payments Technology & Innovation COVID-19