Insurance claims processing is a secondary process, which involves accurately documenting, verifying, and validating the insurance claims to avoid potential errors. Filing of insurance...
Insurance fraud is the second greatest financial crime undertaken in the US; with the first being tax fraud. Every year, over $80 billion worth...
Insurance companies have to deal with an unprecedented amount of data on a daily basis. They are required to analyze and process these volumes...
Outsourcing has been quite an effective solution for multiple industries across the board for a while now. It is largely used to promote the...
It should come as no surprise that insurance companies have identified their reliance on legacy systems as their greatest barrier to digital transformation. Policy...
What is Insurance Process Outsourcing? Insurance business process outsourcing (BPO) is the act of outsourcing various insurance processes to third-party firms that have specialized...
The availability of real-time analytics has been a game changer for the insurance industry. Would you believe that a 2018 Forbes magazine article said...
The industrial age marked an exponential increase in production and quality because of the economies of scale that resulted from the introduction of machinery...
In light of recent advancements in technology, the insurance industry, among other traditional sectors, has been experiencing tremendous disruptions. Mass adoption has been taking...
‘Artificial Intelligence’ is a trending word in the insurance industry as well. The technology’s ability to learn, reason, plan and execute tasks faster makes...