Remove 2020 Remove Cost-Benefit Remove Digital Transformation Remove Insurance
article thumbnail

The business value of operating core insurance solutions on the cloud

IBM Big Data Hub

Although interest rates have increased at an unprecedented rate over the past year due to efforts by central banks to curb inflation, insurers are locked into low-yielding investments, and it will take several years for their investment yields to improve. Core modernization (processes and technology) is a top priority for every insurer.

article thumbnail

Peak Preparedness: How Technology Allows Insurers to Manage Sudden Changes in Demand

CIO Business Intelligence

When the COVID-19 pandemic hit, it shook every industry to the core, but especially and dramatically affected health insurers. In addition, they faced an onslaught of claims and initial uncertainty about cost and payments for antibody testing, evolving treatments, and, later, vaccines.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Re-thinking The Insurance Industry In Real-Time To Cope With Pandemic-scale Disruption

Cloudera

The Insurance industry is in uncharted waters and COVID-19 has taken us where no algorithm has gone before. Today’s models, norms, and averages are being re-written on the fly, with insurers forced to cope with the inevitable conflict between old standards and the new normal. . Insurers are thinking on their feet.

article thumbnail

ADP’s cloud transformation pays dividends

CIO Business Intelligence

For most organizations, a shift to the cloud brings scalability, access to innovative tools, and the possibility of cost savings. These HCM services include applicant tracking, compensation, talent, and learning management, as well as insurance and retirement services. An early partner of Amazon, the Roseburg, N.J.-based

article thumbnail

Principal Financial unifies IT to lay foundation for growth

CIO Business Intelligence

For companies whose business units have traditionally operated independently, centralizing IT operations under one strategy can reap significant benefits — especially when it comes to offering a holistic customer experience and establishing a unified data foundation for leveraging the latest emerging technologies.

IT 107
article thumbnail

Menora Mivtachim goes digital to speed up pension transfers

CIO Business Intelligence

In 2020, people aged 60 and older already outnumbered children younger than five, and by 2050, the world’s population of those 60 and older will double according to the World Health Organization. So, for instance, it’s not surprising that retirees represent the largest growth segment in Israel’s insurance sector. Something had to give.

article thumbnail

Maturing Your People Analytics: Better Insights, Stronger Teams

Sisense

HR departments around the world are embracing digital transformation to reshape business operations and address their future needs in an ever-evolving work world. Every company has implemented some application designed to improve employee experience, training and development, performance, benefits and compensation, and more.