Surya Choudhary is a Project and Software Delivery Manager at Damco Solutions with demonstrated experience in streamlining processes for insurance companies.
Salesforce Classic Vs Lightning: Major Differences to Look at Before Opting for Migration
“Transformation is the key to success” — While Salesforce Classic has been an industry favorite CRM for years, it no longer supports new features and updates. Because of Classic’s limited features and scalability, businesses prefer to migrate from Classic and other CRMs to the all-new Lightning Experience.
Insurance Broker Software: Features and Benefits You Must Know
The insurance industry is highly competitive. Agencies do not just compete with one another, but they also have to compete with regulatory bodies, government, and self-insurance. Moreover, the fragmentation of the industry results in silos and inefficiencies. By leveraging smart solutions like insurance broker software, agencies can connect the previously cut-off brokers from their organization in real-time. In this article, we will discuss the various features and benefits of insurance broker management software.
How to Choose the Right Policy Management Software
It is easy to find yourself drowning in the sea of choices when looking for a new policy management software. The market is packed with vendors that claim to be the best software provider. Even though each software comes with its own list of pros, it is essential that you find which one is the best fit for your agency.
Guide to Overcoming Common Challenges Using Insurance Claims Software
The insurance sector is currently in the throes of a radical, digital revolution. As more and more clients are switching to digital channels, technologies like connected devices, smart home equipment, and artificial intelligence are ushering in an era of new solutions based on data and analytics. Future-forward insurance businesses are becoming more and more dependent on digital solutions like chatbots for transforming manual, legacy processes, and systems. Such an approach is a far cry from the traditional, and often inefficient processes of old-school insurance businesses.
5 Insurance Digital Transformation Benefits for Agencies
Insurance digital transformation brings a host of opportunities for businesses. From health and automobile to general and P&C, insurance digital transformation benefits all lines of business. Now, let’s first understand what digital transformation means.
Why Salesforce Managed Services Are a Profitable Investment For Your Organization?
The global managed services market is poised to hit USD 274 billion mark in 2026 with an anticipated 11 percent CAGR — showing increasing reliance of organizations on outsourced services. The trend is more or less similar in the SaaS segment with Salesforce being the most preferred choice of organizations for outsourcing services.
How Insurance Software solutions are bringing a radical shift in the industry?
Technology is revolutionizing the way insurance agencies conduct business. It is also playing a huge role in empowering SMEs to level the playing field with large businesses. These days, insurance businesses are using a wealth of insurance software solutions to stay competitive and relevant in the rapidly changing world. Adopting modern-day tools like insurance agent management software allow insurers to capitalize on the new technological advancements and scale their operations. Let’s explore the key ways in which insurance software solutions are changing the future of the industry.
Insurance Software: The Innovative Driver of Business Success
In a highly competitive ecosystem where most businesses struggle, it can be hard to remain competitive and successful. Innovation led by digital transformation is a major driver of business growth and success. As such, insurance software has become an important pillar that supports a successful insurance business. It helps to improve operational efficiency, makes automation possible, and reduces operational costs.
Speed Matters: Optimize Claims Processing With Claims Management Software
Customers expect insurance claims to be settled within a week or two. However, the reality is quite distant from their expectations. The average time required for claims settlement is 20 to 25 days. And this number is despite the fact that insurance regulatory bodies expect claims settlement to take a maximum of 30 days with an interest-based fine for delays beyond this period. Clearly, time is of the essence, and speed matters while processing and settling insurance claims. Here we will take a look at how insurance businesses can streamline and simplify their claims management systems to gain a competitive edge.
5 Things to Look For Before Selecting and Implementing an Insurance Software
Effective insurance software is now instrumental to the successful performance of insurance companies of all sizes. It even enables small and emerging insurance companies to operate at a scale that was previously reserved for only the biggest insurance players. Deploying an insurance software can be a tasking proposition in terms of dedicated resources and time. There are a number of insurance agency solutions available in the market, and this can make things difficult for you. Where should you start when choosing and implementing insurance software? Below are the 5 things you should consider before deciding upon an insurance agency management software.
3 Challenges and Opportunities Presented by CRM for Insurance Companies
In the current age and time, insurance companies need to embrace a digital and customer-centric outlook to stay relevant. Digitalization could be the one-stop approach to maintain business agility and scalability while attuning to customer expectations and market conditions.
Optimize Your Investments With a Remote Salesforce Administrator
Organizations rely on Customer Relationship Management software to maintain and manage data for effective business functioning. While a CRM system is one of the most crucial investments for a business, many of them are not able to optimize its potential due to budget constraints.