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The insurance industry is no stranger to disruption. But as technologies mature and customer expectations evolve, insurers are rethinking the very foundations of their operations. At the center of this transformation is the rise of AI-powered core systems — modern platforms that don’t just process transactions, but actively learn, adapt, and optimize. This isn’t just […]
Why Owning Your Core Technology Can Drive Better Financial Outcomes For small and mid-size P&C insurers, every investment must deliver meaningful value—and technology is no exception. As core systems become outdated and vendor lock-in continues to drain resources, many insurers are reevaluating the true cost of traditional vendor-managed solutions. The good news? A modern, customer-managed […]
DENVER, CO — Spear Technologies (“Spear”), a leading provider of award-winning core software solutions for the insurance industry, today announced a suite of advanced AI enhancements designed to streamline operations, boost productivity, and enable faster, data-driven decision-making across SpearSuite™—its award-winning suite for claims management, policy administration, billing, and portal solutions. The new capabilities leverage generative […]
A Smarter Way to Innovate and Operate As P&C insurers look to modernize operations, improve agility, and deliver better customer experiences, one technological trend is standing out: low-code/no-code insurance platforms. These platforms are transforming the way insurers configure, extend, and deploy core systems—without the long timelines, steep costs, or technical debt associated with traditional software […]
Adaptability is the New Advantage In the face of shifting customer expectations, regulatory changes, and emerging technologies, one thing is clear: flexibility is no longer optional—it’s essential. For P&C insurers, a rigid, legacy technology stack can severely limit innovation, increase operational costs, and leave the business vulnerable to disruption. To stay competitive and resilient in […]
Breaking Free from Technology Constraints In the rapidly evolving insurance industry, technology is a key driver of efficiency, innovation, and customer experience. However, many P&C insurers find themselves trapped in vendor lock-in, where their core systems are controlled by software providers who limit flexibility, increase costs, and slow down business agility. Vendor lock-in occurs when […]
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