New Business & Underwriting: Reduce Operating Costs by Transforming Processes
Digitally Transform Insurance Business Processes Webinar Series Part 2 of 3
Did you know that McKinsey and Company estimated that over a five-year period, insurers can more than double profitability by harnessing technology to attract and satisfy more customers, while simultaneously cutting operating costs and improving pricing and underwriting accuracy?
Insurers have more to offer their clients than a low price. However, competitive pricing remains a significant driver of loyalty, and technology disruptions in the industry will put margins under pressure and force premiums to fall under the weight of price competition. As these challenges evolve, insurers will need to leverage technology to make their operations more efficient.
In this video, learn how an Enterprise Information Management (EIM) system will help you make the most of the insurance market’s digital transformation.
- How EIM increases productivity by reducing need to search across multiple data sources
- Benefits of increasing visibility and accountability in New Business processes
- How process automation can increase consistency and reduce time to decision
Focusing on New Business and Underwriting process efficiencies allow insurers to differentiate themselves from the competition with quick, informed decision-making, enabling them to better address customer’s needs. We will focus on gaining an understanding of how you can leverage the capabilities of an Enterprise Information Management (EIM) solution to improve the management of your documents, content, processes and the data needed to support New Business and Underwriting processes.