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Artificial Intelligence (AI) is transforming the insurance industry, offering solutions to long-standing challenges in underwriting, claims processing, fraud detection, and customer engagement. However, implementing AI in a way that delivers sustainable value requires a structured approach. This blog outlines an AI Implementation Roadmap tailored for insurance companies, helping them navigate the journey from strategy to […]
There is a lot of talk about how artificial Intelligence (AI) is revolutionizing the way insurers operate, making processes faster, more accurate, and more customer friendly. However, frequently the talk is either in highly technical terms, generalizations, or ambiguous. Here’s how AI is helping insurers across functions that are important to you as an insurer: […]
Subrogation is a vital component of insurers’ risk management and claims handling strategies, enabling them to recover costs, control premiums, mitigate risks, and maintain financial stability, all of which are essential for long-term success in the insurance industry. Insurers that are adept at it are able to improve loss ratios, remain compliant, and gain a […]
DENVER, CO – Spear Technologies (“Spear”), a leading provider of property and casualty insurance software solutions, has been named a Technology Standout by Celent in their Claims Systems Vendors: North American P&C Insurance 2024 report. SpearClaimsTM is an integral part of SpearSuite TM, which includes claims, policy, billing, and portal core insurance software solutions. […]
The Realities and Misconceptions Regarding Two Essential Tools for Insurers In today’s fast-paced insurance landscape, staying ahead of the curve is essential for maintaining competitiveness and meeting evolving customer expectations. As technology continues to advance, insurers are increasingly turning to tools like Artificial Intelligence (AI) and analytics to drive innovation, enhance operational efficiency, and improve […]
When Bruce Lee famously said, “Be like water,” he was referring to a person’s ability to adapt to changing conditions.
Too often, companies operate with blinders on when it comes to technology, trusting that what they don’t know won’t hurt them.
A well-defined statement helps participants focus on creativity and ensures same page.
It’s no secret that numerous property and casualty (P&C) insurers have consistently reported loss ratios in excess of 1.05 in recent years…
After a fast and smooth implementation process, Highview is now leveraging the powerful and flexible capabilities of the core software suite across its operations.