Traditional core insurance systems have been siloed, where #underwriting, #losscontrol, #actuarial and #revenue departments are not well integrated, leading to inconsistent data intake, communication breakdowns, and missed opportunities for #profitability. Integration Accelerators can help build an integrated insurance ecosystem, and improve collaboration across departments. Read the full article: https://lnkd.in/dTVVWwak
In the insurance sector, streamlined integration of systems is critical for optimising workflows, advancing risk management, and fostering seamless collaboration across departments. Despite the wide availability of various systems, insurers often face significant challenges in ensuring these technologies work together effectively. Risk Control Technologies Inc. explains why an integration accelerator can play a key role by making it easier and faster to connect essential functions like Loss Control, Underwriting, and IT, bringing measurable benefits to each. Read more here: https://lnkd.in/dpkE2eNG #Insurance #InsurTech #Accelerator David Pittman