How Can a Cyber Insurance Broker Help in Managing Risks? How many of you are familiar with the famous 2022 Tesla Hack? David Colombo, a 19-year-old white hacker from Texas, gained access to 25 Teslas in 13 countries. He disabled the security systems, manipulated the car controls and even played Rick Astley through Bluetooth speakers. […]
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Six Common Causes of Agency E&O Claims and how to overcome them Imagine there is a manufacturing firm that hires a consultant to calculate the long-term disability benefits of its employees. Somehow, he erroneously bases his calculations on the employee’s previous income instead of present salary. Due to the consultant’s negligence, the staff does not
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Immediate Need for Modernization of Legacy Insurance Process Did you know that Zurich Insurance Group (ZIG) became one of the early adopters of digital transformation? Encumbered by the challenges of enhancing customer experience (CX) and meeting client expectations, ZIG became the first company to automate its customer service with AI. It created the virtual assistant
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How Automation Transforms Policy Administration and Lifecycle Management In today’s fast-paced insurance industry, efficiency isn’t just an advantage it’s a necessity. Manual policy administration processes can be time-consuming, error-prone, and costly, slowing down everything from policy issuance to renewals. Automation is changing that narrative. By integrating smart technologies into policy administration, insurers can streamline workflows,
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Leverage Exdion’s AI-Powered Data Extraction Engine To Improve Sales Did you know that there is 2.5 quintillion bytes of data created every day? Data is ubiquitous. We’re generating it each time we search on the internet, when we make a purchase, or we log into our social media accounts. The amount of data being created today
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What should you expect from Exdion @ Applied Net 2022, Nashville Event? Are you ready to transform your business? It’s almost time for Applied Net 2022! We are excited to inform you that top minds in insurance domain are coming to speak at the event. These speakers have been a part of some of the
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Scale Your Insurance Business with Policy Renewal Automation Automation is the future of efficiency. From autopiloted cars to smart homes, automation has undeniably become part of our lives. Relieving us from manual tasks, helps us focus on interesting and engaging tasks while eliminating tedium. When it comes to the insurance industry, an automation strategy can
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Insurance Automation: The way forward The heads of operations, innovation, technology and the C-Suite within insurance are aware of the automation. Document processing solutions and intelligent automation offer an integrated way to extract data for insight and analysis while automating the repetitive document processing. Artificial intelligence (AI) can be used by insurance companies throughout workflows.
How did ExdionEDGE Insurance Policy Check Helped James G Parker Save 75% As we stated in our previous blog, the insurance industry has been a paper-intensive industry with repetitive, manual processes. There is always the looming risk of Errors and Omissions (E&O). This is why insurance leaders are looking for ways to streamline their most
Policy Checking Automation: A Boon for insurance agencies and brokers There are varying sets of clauses in the insurance policies for different sectors for Eg automobile or workers’ compensation. These policies need to be packaged in different forms of documentation. Insurers need to pay maximum attention to every detail in the policy packaging – this
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