Don’t Miss Formation ’22
Duck Creek customers have re-imagined P&C and general insurance! Join them virtually or in person, March 6 – 8, 2022 to hear how they are developing new products and bringing them to market faster than ever before, operating more efficiently, and staying competitive in a digital world where transformation never stops.
Six Key Initiatives of the Modern Insurer
Scalable Product Innovation
To be successful, you have to be able to develop products quickly, and insurers feel that pressure. But with product factories, carriers can discover new profit opportunities while reducing costs and optimizing product counts.
Increased Speed to Market
Speed is the name of the game in today’s industry. The key is evergreen technology, which enables unlimited innovation with modern, deployable solutions that are always current and always up to the task.
Stagnant, siloed systems simply can’t keep up with the speed of today’s market. To be successful, insurers are turning to cloud-based solutions that can constantly deliver new capabilities and keep up with the rapid digital transformation of the insurance industry.
Insurers are always trying to find ways to lower costs while still delivering the products and services their customers have come to expect. To achieve that balance, many are automating labor-intensive processes that follow best practices to reduce risk and increase adaptability.
Executing With Intelligence
Data is arguably every carrier’s most strategic asset, but only if they have the infrastructure to maximize it potential. Today’s insurers need data and analytic systems that enable them to gain new insights, inform decision-making, and create a single source of truth.
To increase user satisfaction and ultimately sustain long-term customer relationships, carriers must find ways to offer personalized insurance offerings. Thankfully, SaaS-based solutions offer the capabilities and persona-based insights to set organizations up for success.
Today’s New Standard drives Tomorrow’s Success
Hear from Lori Salazar, Global Vice President of Business & Financial Services with Frost & Sullivan, on how the flexible evergreen technologies of today adapt to provide a steady stream of new features and functionalities for tomorrow.
Download their executive brief on today’s modern approach to efficiency and execution.
Which market trends impact your team?
We asked insurers around the world about the nature of change in today’s market. What emerged was a clear new standard in the sector.