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CMMI Level 5 custom software development company. A global leader in developing user-centric and mission-critical software solutions.

WHAT IS BESPOKE SOFTWARE?

Bespoke is a term used for custom-made that is wholly designed as per the requirements, specifications and demand of the person or organization who seek it. So, bespoke software is a customized application or tool that is strictly designed to fulfil one’s goals and allow one to grow smoothly. …


WHAT IS UNDERWRITING?

The complete process of insurance underwriting includes deciding premium rates and analyzing the risks involved with them. Risk assessment is significant as it reflects the extent of risk involved with the coverage you are selecting.

WHY IS THE WORLD MOVING TOWARDS TECHNOLOGY ADVANCEMENT?

Due to the growing complexities in the regular processes and lack of time to get…


Insurance management was indeed a challenging task when all the processes were manually done. As the digital technologies captured the market, the entire attention has moved to an updated business model that enhances the efficiency and increases ROI of the insurance agencies. The operations of the insurance sector could be…


What is an Insurance Broker?

An insurance broker is a representative of the consumers in their search for a suitable policy that satisfies their needs. Usually, brokers are professionals who work closely with the clients to analyze the client’s requirements thoroughly. …


Choosing the perfect insurance that helps eliminate the fear of putting the properties at risk. A business, whether small or big, needs to establish itself while competing with others.

WHAT IS BUSINESS INSURANCE?

A wide range of insurance coverage in businesses especially formed for the businesses is called business insurance. The main purpose of…


WHAT IS THE CLAIMS MANAGEMENT PROCESS?

Claims management comprises all work that an insurance management firm carries out for the companies suffering heavy losses, or damage to properties. We can define the claims management process as a procedure in which the insured’s claim for the compensation on an insured financial loss is received, verified, and validated…


WHAT IS POLICY MANAGEMENT?

Policy management is basically a process in which the creation, communication as well as maintenance of policies and procedures are performed within an organization. One can alleviate risks through effective policy management in two ways:

  1. By making policies directly accessible to the staff.
  2. By protecting an organization from any sort…

Claims Management is a crucial function performed by insurance companies. And with thousands of claims to be managed with diverse data to handle on a daily basis, AI is slowly becoming a disruptive technology.

Artificial intelligence is getting used in insurance in many ways, but claims management requires radical upheavals and changes. The applications of AI range from chatbots that offer quick customer service to machine learning technologies that improve automation in insurance.

Read the article further to know how Artificial Intelligence is improving…


Bringing a new customer onboard costs 7 to 9 times as much as holding an existing client.

The first step for companies to boost business revenue is to prevent attrition of present customers. Currently, it is hard to find customers unless programs are designed to retain such quality customers. And with well-thought-out customer up-sell and cross-sell strategies, insurance companies should look into increasing revenue.

The current average…


SAP has said that it will commit to offering support for ECC until 2027 under a standard support contract. But, some customers may be able to extend this timeline up to 2030.

SAP has about 50,000 ECC customers that will all need to become part of the shift to the HANA database. And ECC support has been offered since the year 2004. Which begs the question that how much of a challenge will it be to shift to the new ERP solution…

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