Sapiens’ Post

Insights for insurance intermediaries: 2023 is the year for intermediaries to get under their bonnets With modest global growth on the cards and a subdued outlook for M&A, in this #Blog I explain why 2023 is the year in which insurance intermediaries must give their internal insights a full MOT in preparation for the expected 2024 rebound: https://lnkd.in/d2qZwKYh #Insurance #Inurtech #MandA #Brokers #BeDataDriven #DataDrivenInsight

In FY22, the insurance industry faced challenges with a 3% ROE for the third consecutive year, impacted by investment losses and persistent below-target performance.   So how did the industry fare in FY23? We will reveal our findings in OptimaLite, available to download soon.   #Finity #OptimaLite #insuranceaustralia #insurance #commerciallines #personallines 

Bid farewell to inflated operational costs and manual mayhem. This cloud-deployable gem automates ~90% of underwriting tasks, ensuring approvals happen quicker than you can say "InsurEdge for the win!”  https://lnkd.in/g8AtkcrE?   #insurance #insuranceautomation #automatedunderwriting #automationininsuranceunderwriting #insuranceunderwritingautomation #underwritingautomationdemo

#Insurance companies are striving to develop innovative products in a competitive marketplace and reduce costs. An upcoming #ISGProviderLens report will evaluate providers helping insurers boost efficiency and compete in a changing industry. #ISGDigital

From $156.06 billion in 2024 to $722 billion by 2030. Where is this traction coming from? Learn what is fueling the market growth here: https://lnkd.in/dUHEseFd #embeddedinsurance #insurance #insurtech #vegait

Pricing more strategically not only benefits insurers from a risk and profit perspective, it also plays a key role in helping attract consumers by offering more accurate prices across various distribution channels. Read our latest blog to learn more: http://transu.co/6048gyRFm #Insurance #InsuranceTrends #InsuranceInsights #InsuranceData #InsureTech #InsuranceDirect #InsurancePricing #CreditData #InsuranceScores

Are traditional #underwriting practices slowing you down? Embrace #automation and remove obstacles to buying. Meet the demands of modern consumers who expect on-the-spot decisions. Learn how: https://ow.ly/C5H430sAekg #lifeannuities #acceleratedunderwriting #insurtech #insurance #DriveAtTheSpeedOfNeed

Unexpected closures and maintenance can disrupt more than just traffic. They can hinder business efficiency. Explore strategies for reinforcing your operational defenses: https://bit.ly/3KAxd1E #Insurance #BusinessContinuity

Download our new thought leadership with a view of the 10 Trends for 2024 shaping the future of insurance. As a result of a challenging 2023, it is not surprising that top of mind issues for 2024 have shifted in many areas based on an early view from our Strategic Priorities research. These top-of-mind issues reflect challenges insurers are now facing in terms of both their business model and technology foundation likely being out of step with the market demands and challenges.  Looking toward 2024, the insurance industry will continue to face challenging market economics, which will continue to impact overall operations and drive change. Adding to this is the continued impact of legacy systems, both in terms of increasing operational costs and lost market opportunities.  With change comes new opportunities and challenges. Customers demand new products to manage their risks; new experiences that make it simple, fast, and efficient to buy insurance; new channel options that expand reach and ease of buying; and new value-added services that extend the value of the insurance product. Embracing this change requires a higher level of sophistication and commitment to digital transformation than many insurers are accustomed to.  Insurers of tomorrow cannot be built on the business model and technology of today. For insurers to remain financially strong and grow, they must focus on both operational and innovative areas for investment that accelerate their journey to the future. Strategic discussions on how insurers will prepare for and manage the changes needed in their business models, products, channels, and technology are more important now than ever.  These top 10 trends should be at the top of those strategic discussions! Robin Roberson Sabine VanderLinden Nigel Walsh Minh Q. Tran Lisa Wardlaw Ema Roloff Monique Hesseling Bryan Falchuk Christopher Frankland 🌎 Florian Graillot Steve Anderson Matteo Carbone Terence Mills Adrian Jones Chris Cheatham Jennifer Fitzgerald Dr. Robin Kiera Stacey Brown, MBA Hugh Terry The Digital Insurer Stephen Applebaum

While it's important to have a simple, functional, beautiful and easy-to-update website, you also need a website that connects to your other tools and automates your processes to stand out from the competition. Check out this blog to see how websites from ClientCircle are different. https://lnkd.in/gGz_exaG #insurance #insuranceindustry #insurtech #insurancemarketing #insuranceagent #insuranceagency