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insurance-software-insurer-growth

While smaller insurance companies may be somewhat intimidated by their larger competitors, they actually have some advantages over the bigger fish. The key is identifying and maximizing those advantages efficiently.   Importance of Adopting New Technologies The speed at which markets are evolving is setting a new precedent for the smaller insurance companies: keep up or prepare to go under. The companies that are keeping up are...

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insurance-management-software-security

In the quest to stay competitive, many small and mid-size insurance organizations are improving their processes by moving to cloud applications and agile databases. These organizations have learned that manual entries and spreadsheets are prone to human error. In addition, older systems limit user access and make collaboration difficult. These issues can be resolved with insurance management software. Now that software and mobile applications are...

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insurance-crm-software-considerations

Making the decision to utilize insurance management software is one of the most important decisions that a small-to-medium sized insurer will make. With the insurance market becoming more competitive than ever with the bigger companies striving to dominate the market, using specially-tailored software for insurance companies helps to level the playing field for the smaller companies and gives them the opportunity to grow. When searching for...

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    Imagine for a minute that a new competitor started calling on your customers and offering the same—or better—product, coverage, or services for much less cost. Are your relationships strong enough that your customers would ignore the prospect of an offering of better, faster, cheaper? Certainly, some would at least be inclined to explore the offer, would they not?   No need to imagine this scenario anymore; it’s...

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It’s no secret that insurers, especially small to medium-sized carriers, have a variety of concerns about doing away with their servers and moving their enterprise systems to the “cloud.” Indeed, the idea of turning over your core applications’ data and processing to a Software as a Service provider can feel risky, especially if you’re unsure that the “cloud” is a proven, safe, reliable solution.   For many, it’s...

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Insurers face significant challenges these days, not the least of which is getting up to speed with digital technology. But there are other, less obvious challenges facing insurers; one double-edged challenge that, if not properly considered, will result in a talent shortage in hiring, and a dent in their future books of business. That challenge: Understanding the Millennial generation....

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