Everest Group

MARCH 17, 2023

Managing General Agents (MGAs) and wholesalers are becoming increasingly relevant in the insurance ecosystem due to the unique advantages they have over brokers/agents. As insurance intermediaries that represent carriers, MGAs provide insurance products to retail agencies and insureds. Read on to learn more.

Insurance 130

Insurance Robotics Process Automation Risk Management Risk Management 130

Everest Group

MAY 24, 2023

As the insurance industry undergoes a paradigm shift post-pandemic, digital transformation can improve customer experience and engagement. Partnering with service providers will help insurers overcome barriers and improve efficiencies. Read on to learn more. Reach out directly to discuss or for more information.

Insurance 130

Insurance Risk Management Risk Management Analytics 130

Magellan Solutions

APRIL 28, 2023

Top 7 Benefits of Outsourcing Administrative Functions for Insurance Companies Insurance companies encounter a variety of challenges nowadays. Increasing client demands, ever-changing regulations, and competition are some of the difficulties. With the rising inflation, insurance companies are looking for ways to reduce costs.

Administrative 98

Administrative Insurance Outsourcing Data Entry 98

Everest Group

JULY 13, 2023

New regulations and standards, such as ISO 20022, are paving the way for faster and more efficient payments. The increasing prevalence of digital payments and the consumer demand for seamless instant transactions are driving the adoption of real-time payments systems.

Service 246

Service Banking Insurance Healthcare 246

IBM Services

DECEMBER 1, 2023

Insurers struggle to manage profitability while trying to grow their businesses and retain clients. Large, well-established insurance companies have a reputation of being very conservative in their decision making, and they have been slow to adopt new technologies.

Insurance 103

Insurance Automation Regulations Reduced Costs 103

Magellan Solutions

APRIL 24, 2023

Stay Ahead of the Compliance Game: How Insurance Companies Can Meet Regulatory Requirements Nowadays, businesses should be up-to-date with the governing laws on data security. Outsourcing insurance compliance services can assist businesses with the changes in regulatory compliance. Additionally, it lowers exposure to potential risks.

Insurance 97

Insurance Reduced Costs Outsourcing Call Center 97

Everest Group

APRIL 3, 2024

Gen AI has recently gained considerable attention in the banking, financial services, and insurance (BFSI) industry. Implementing gen AI can improve the velocity of change, increasing the overall efficiency of existing tasks. Non-compliance with these regulations may lead to fines and legal consequences.

Regulations 173

Regulations Out-Tasking Insurance Cybersecurity 173

IBM Services

MAY 8, 2023

In my previous post , I described the different capabilities of both discriminative and generative AI, and sketched a world of opportunities where AI changes the way that insurers and insured would interact. Efficient and accurate AI requires fastidious data science. Above all, put in a robust AI governance program.

Insurance 71

Insurance Government Regulations Analytics 71

31 West

JULY 8, 2022

Regulations of IT compliance vary by the industry you operate in, and it keeps changing. As an industry expert, you must know which regulations to apply to your sector. Enhance Growth: Companies adopting IT compliance have more opportunities to operate in geographic areas with specific compliance regulations.

Regulations 130

Regulations Insurance Healthcare Software 130

Everest Group

AUGUST 24, 2022

New regulations in the financial sector call for a dynamic regulatory compliance check, which is difficult for these institutions to manage globally. For buyers, the need to increase efficiency and productivity by reducing false positives and manual intervention, as well as by mitigating profile risks, remains paramount. Our Thinking.

Banking 130

Banking Insurance Service Advisory 130

Perficient Digital Transformation

APRIL 14, 2022

The connection between technology and consumers in the insurance industry has never been more relevant. Although the insurance industry was already facing rising competition and customer expectations, the global pandemic forced our industry to take legacy processes and technologies, and transition to “digital” seemingly overnight. .

Insurance 78

Insurance Design Automation Regulations 78

Everest Group

MARCH 13, 2023

This regulation is expected to bring effective workforce utilization, improved data exchange, reduced appeals, and, in turn, more timely claims disbursal Inflation reduction act : Starting this year, Medicare will be allowed to negotiate prices for prescription drugs with pharmaceutical companies. million rise in uninsured adults.

Healthcare 147

Healthcare Insurance Administrative Government 147

Offshore India Data Entry

OCTOBER 28, 2024

The rising patient demands, growing regulatory pressures, and the continuous requirement for operational efficiency force the healthcare industry to seek smart and sustainable solutions. By outsourcing, you can free up your in-house staff and also ensure that these crucial tasks are managed efficiently.

BPO 52

BPO Healthcare Service Insurance 52

Redial

MARCH 10, 2023

Insurance policies provide a safety net that can help mitigate the negative effects of accidents, illnesses, natural disasters, and other unexpected events. These professionals have the necessary skills and experience to manage policies efficiently, that will ensure compliance with industry standards and regulations.

Call Center 130

Call Center BPO Outsourcing Nearshoring 130

Paysquare

MAY 10, 2023

However, it is crucial to note that the industry is subject to rigorous regulations, encompassing a multitude of rules and prerequisites that differ depending on the business type and location. To navigate these regulations efficiently, companies must be aware of their obligations. from 2021 to 2026. from 2021 to 2026.

Regulations 52

Regulations Payroll Outsourcing Automation 52

Everest Group

FEBRUARY 2, 2023

The banking industry is redefining itself through emerging technology that is improving products, customer services, and operational efficiencies. A brief history of blockchain in banking and financial services and FintTechs Since its introduction in 2008, blockchain has established itself as a key to optimization.

Banking 246

Banking Service Right-Sizing Automation 246

Everest Group

OCTOBER 11, 2022

A combination of government regulation and market forces has created a growing demand for open financial data to build an expanded provider ecosystem beyond banks and financial institutions to also include non-financial platforms, FinTechs, and payment facilitators. Read on for more on our latest open banking research. .

Banking 147

Banking Finance Research Accounting 147

Perficient Digital Transformation

NOVEMBER 27, 2023

In the dynamic environment of highly regulated industries like healthcare and financial services, leaders often balance competing goals to delight customers while cutting costs. This blog was co-authored by Carl Aridas and Joel Thimsen. Build a reliable risk management strategy using accurate estimations and predictions.

Regulations 52

Regulations Efficiency Healthcare Automation 52

31 West

SEPTEMBER 24, 2024

Compliance with Data Protection Regulations Given the modern world’s reliance on computers and the internet to keep data, it is particularly important to follow data protection regulations. HIPAA regulates the use and disclosure of PHI in the U.S., It has tight requirements for data acquisition, processing plans, and storage.

Retail 130

Retail Regulations Insurance E-Commerce 130

Everest Group

JULY 20, 2023

This allows organizations to reduce CAPEX and OPEX associated with maintaining an internal IAM team while ensuring efficient and secure management of digital identities. Examples include Europe’s GDPR, California’s CCPA, and Brazil’s LGPD, reflecting the evolving regulatory landscape.

Management 130

Management Service Regulations Insurance 130

Everest Group

JUNE 28, 2023

The Banking, Financial Services, and Insurance (BFSI) industry faces various challenges in today’s evolving environment, from inflation and cybersecurity to increased competition from fintechs, and changing customer expectations. In this blog, we’ll explore how DIT can help the BFSI industry tackle pressing issues.

Banking 130

Banking Cybersecurity Insurance Analytics 130

Capgemini

SEPTEMBER 12, 2024

Insuring the future with a payer-provider partnership Capgemini 10 September 2024 Facebook Twitter Linkedin New technologies and regulations make collaboration more valuable than ever In brief: New technologies and regulations are changing the healthcare landscape.

Insurance 52

Insurance Healthcare Regulations Administrative 52

Perficient Digital Transformation

JULY 6, 2023

A blockchain-based data model for health insurance could potentially help to improve the efficiency and security of the health insurance industry. In such a model, each participant in the network, such as a patient, healthcare provider, or insurance company, would have their own unique identity on the blockchain.

Insurance 52

Insurance Healthcare Reduced Costs Regulations 52

Perficient Digital Transformation

SEPTEMBER 27, 2021

Which health insurers are providing the best customer experience (CX), and how are they improving the quality of their experiences? Forrester set out to answer this very question in The US Health Insurers Customer Experience Index, 2021. The app includes customizable features to meet unique state and local regulations of clients.?.

Healthcare 119

Healthcare Insurance Analytics Automation 119

Magellan Solutions

FEBRUARY 14, 2024

In recent years, the US healthcare industry has significantly increased its reliance on healthcare call center outsourcing companies to enhance patient care and operational efficiency. Improved customer service – Outsourced centers handle high call volumes extremely efficiently, reducing hold times.

Call Center 98

Call Center Healthcare Outsourcing Insurance 98

AS White Global

AUGUST 10, 2022

In recent years, insurers have relied on outsourcing insurance services to give them a significant edge in this highly competitive industry. Insurance companies have had to adapt to changes in regulations and to their customers’ evolving needs in response to the pandemic situation.

Offshoring 52

Offshoring Insurance Service Data Entry 52

Redial

DECEMBER 9, 2022

Besides, there are a lot of areas fintech can attend from insurance, digital wallets, investments and more. Industry regulation. Finance, being one of the most regulated sectors, naturally, because of the very sensitive data and transactions it holds, raises a lot of standards and processes to secure safety and good practices.

Nearshoring 130

Nearshoring Cybersecurity Regulations Finance 130

AS White Global

NOVEMBER 25, 2021

This includes overseeing the staff schedules, organising and keeping records, maintaining medical and office supplies, handling finances, and ensuring compliance as per regulation standards. It’s a fast and efficient solution to help improve the management of healthcare information that will support the overall care for the patient.

Offshoring 98

Offshoring Healthcare Jobbing Data Entry 98

Magellan Solutions

FEBRUARY 18, 2021

The Necessity of Bookkeeping Insurance Services. Bookkeeping insurance services are important to firms who want to track their profit. Some of its achievements can come from efficient budget allocation. CPA for Insurance Agency: Why Is It Important? With this in mind, they can represent many insurance carriers.

Insurance 52

Insurance Service BPO Accounting 52

AS White Global

AUGUST 10, 2022

In recent years, insurers have relied on outsourcing insurance services to give them a significant edge in this highly competitive industry. Insurance companies have had to adapt to changes in regulations and to their customers’ evolving needs in response to the pandemic situation.

Offshoring 52

Offshoring Insurance Service Data Entry 52

Everest Group

JANUARY 12, 2024

Central banks wield the reins with CBDCs, ensuring strict regulations and government backing. Similarly, UBS launched a three-year senior bond on Distributed Ledger Technology (DLT) through SIX Digital Exchange, showcasing the potential for efficient and secure bond issuance.

Banking 162

Banking Insurance Retail Collaborations 162

Mattsen Kumar

OCTOBER 7, 2024

In the insurance world, where the promise of protection often meets the reality of paperwork and jargon, delivering exceptional customer experience (CX) has never been more crucial. In the UK insurance sector, the quest for providing outstanding CX is not just a pipe dream but a tangible goal for 2024 and beyond. Sounds dreamy, right?

Insurance 52

Insurance Call Center Analytics Regulations 52

Perficient Digital Transformation

MAY 17, 2023

Despite an increased level of regulation, HCOs need access to analytics information to make informed business decisions. Capturing data in a way that does not compromise protected health information (PHI) or violate Health Insurance Portability and Accountability Act (HIPAA) regulations is critically important.

Analytics 111

Analytics Healthcare E-Commerce Call Center 111

Perficient Digital Transformation

AUGUST 3, 2023

Highly regulated industries, such as the financial services industry, are especially interested in generative AI’s capabilities surrounding how it can support ever-transient regulatory and data governance demands. Using generative AI for such purposes gives human resources more bandwidth to thoroughly investigate suspicious incidents.

Risk Management 19

Risk Management Risk Management Service Insurance 19

Accenture Insurance

NOVEMBER 20, 2014

Low interest rates, increased competition, sales channel pressures, legacy technology and proliferating regulations are all putting insurers under pressure to reduce costs and increase operating efficiencies. Enabling Agile Insurance Finance and Risk through Shared Services Part 1: The Pressure is on for Insurance CFOs.

Insurance 40

Insurance Shared Services Finance Reduced Costs 40

Perficient Digital Transformation

MARCH 6, 2025

Compliance with Regulations : Pharmacies must adhere to regulations that mandate clear communication of important information, such as medication instructions and privacy policies. Universal Design principles help pharmacies comply with these regulations by making information accessible to all customers.

Design 52

Design Healthcare Regulations Flexibility 52

Paysquare

MAY 24, 2024

Payroll regulations must be followed strictly to avoid major legal repercussions. There may be legal repercussions if income tax regulations regarding employment records are broken. Maintaining accurate records can help you comply with employment rules and regulations while ensuring workers are paid fairly and on time.

Payroll 52

Payroll Efficiency Management Regulations 52