Reducing Risk by Identifying Exclusions As property & casualty insurance carriers increasingly integrate exclusions into their policies to maintain reasonable premiums in a challenging market and mitigate high loss ratios, the importance of identifying these exclusions cannot be overstated. Clients may believe they are covered, only to discover otherwise when filing a claim, potentially resulting […]
Unleashing Value Through Exdion’s AI Data Extraction in Mergers and Acquisitions In the fast-paced world of the insurance industry, mergers and acquisitions (M&A) present a strategic avenue for growth and expansion. At Exdion Insurance, we take pride in offering cutting-edge solutions that empower buyers to enhance their appetite for acquisitions by adding substantial value throughout
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Customer UX the winner in P&C survey Technology is a great enabler, but if you don’t have happy employees facing your customers, building relationships and caring about your products, you aren’t capitalizing on your greatest asset – your people. This was one of the conclusions from a McKinsey survey (September 2023) of more than 8,500
The path to digital transformation Is your insurance business working on digitization, digitalization or digital transformation? It’s easy to use these terms interchangeably, but while they are related, they refer to different concepts. They differ in various aspects – in terms of their purpose and focus area, their intended outcome, their challenges, their technologies. In
Industry Experts We do business differently Exdion Insurance operates at the intersection of advanced AI technology and the insurance sector. Exdion was the first company to offer a comprehensive suite of insurance policy management software designed to address the ongoing industry issues of manual processing, employee overload, increased expenses, and broker errors and omissions. Our
Flattening the process using artificial intelligence Exdion Insurance is an industry expert in using artificial intelligence and machine learning for the digitization of business processes. We use advanced AI technology to transform processes in your business, helping you to flatten the process to extract efficiency significantly and improve customer experience/s, while at the same time
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Prevent Certificate Non-Compliance Issues with Proactive Risk Mitigation Imagine you are an operations manager at an insurance firm. You want to ensure smooth operations and compliance adherence. You receive a notice from a client’s legal team stating that the certificate of insurance provided by your agency is non-compliant. Panic sets in as you realize the
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Leveraging Technology to Identify Cross-selling Opportunities During Renewals In today’s rapidly evolving insurance landscape, leveraging technology has become paramount to stay competitive and meet constantly evolving customer expectations. The insurance industry faces a unique challenge when it comes to identifying cross-selling opportunities during policy renewals. However, this process can be complex and time-consuming, leading to
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The Role of Policy Checking Software in Risk Management – A Comprehensive Guide Policy checking is a vital aspect of the insurance industry, as it ensures that policies comply with regulations, accurately reflect the coverage that policyholders have requested, and mitigate risks. A comprehensive policy check can help Brokers avoid costly errors and prevent legal
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How Big Data in Insurance is Transforming The Industry Before the advent of big data analytics, insurance companies faced significant challenges in several areas of their business operations. Insurers had to rely on traditional methods to assess risk, which often involved collecting and analyzing data from limited sources such as historical claims and underwriting data.
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