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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 As core systems become outdated and vendor lock-in continues to drain resources, many insurers are reevaluating the true cost of traditional vendor-managed solutions.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 […]
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 […]
Taking Control in a Data-Driven Industry In today’s digital insurance landscape, data is one of the most valuable assets for P&C insurers. It drives underwriting decisions, enhances claims processing, and fuels AI-powered analytics. Yet, many insurers unknowingly relinquish control over their own data due to vendor lock-in, restrictive software agreements, and cloud storage policies that […]
Unlocking Greater Control, Flexibility, and Innovation In today’s fast-paced insurance landscape, P&C insurers must remain agile to keep up with evolving market demands, regulatory changes, and customer expectations. Traditional core systems often limit insurers by locking them into rigid vendor-controlled environments. However, Customer Managed Solutions offer a transformative approach—providing insurers with the control, flexibility, and […]
The insurance industry is undergoing a transformative shift, driven by the need for speed, flexibility, and innovation. At the heart of this evolution are low-code/no-code platforms, which empower insurers to build and adapt core systems with unprecedented ease. These platforms, which minimize or eliminate the need for traditional coding, are becoming essential for insurers aiming […]
October 08, 2024 DENVER, CO – Spear Technologies (“Spear”), a leading provider of property and casualty insurance software solutions, is excited to announce that George Hills Company (“George Hills”) has gone live with SpearClaimsTM, as part of a continuous effort to modernize their subrogation recovery processes. Following a rigorous evaluation process, George Hills selected Spear […]
Public entities, including government agencies, municipalities, and educational institutions, face unique cybersecurity challenges due to their vast networks, sensitive data, and critical infrastructure. As cyber threats grow in sophistication, these organizations must adopt robust strategies to protect against data breaches, ransomware attacks, and other cyber risks. Modern core technology, equipped with advanced security features, data […]