At this year’s ACORD LOMA Forum, the insurance industry event for technology, business and networking, the diversity in software exhibitors on the floor wasn’t the only thing apparent. According to a recent Insurance Networking News article, top industry challenges highlighted during the analyst panel suggest there are broadly differing views about what will affect future technology strategies.
The underlying theme that I took away, not only from the panel discussion but from discussions on the exhibitor floor, is that insurance companies are experiencing change on multiple levels. As such, they rush to accommodate change the operational level and continue to look for best practices in technology, whether it is in claims management, underwriting or revenue management applications. Continue reading
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