Everest Group

DECEMBER 16, 2022

Everest Group estimates the massive economic value insurance enterprises can generate by tapping their vast data pools to achieve operational efficiency and drive premium growth. By investing in becoming data-centric organizations, insurance companies can unlock a collective economic value of US$874 billion, according to Everest Group.

Insurance 130

Insurance Analytics Research Efficiency 130

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

Perficient Digital Transformation

APRIL 21, 2022

Modern Healthcare Magazine named Brent as a 2022 honoree of their Excellence in Governance program for his achievements in promoting diversity and successfully navigating various challenges. Board members are responsible for the overall governance of the health system. Then, I moved to the Board of Trustees.

Government 116

Government Healthcare Insurance Finance 116

Everest Group

DECEMBER 7, 2023

Learn how providers help carriers achieve value and governance in move to cloud transition per Everest Group's latest report.

Government 147

Government Marketing Insurance Service 147

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.

Insurance 97

Insurance Reduced Costs Outsourcing Call Center 97

IBM Services

MAY 1, 2023

In this first of two posts, I investigate the anatomy of artificial intelligence and its impact on insurance. Academia is in an uproar over originality of authorship, and governments have even started to outlaw its general use. It offers customers and the insurer’s system to interact in a human-like manner.

Insurance 80

Insurance Customer Service Automation Information Technology 80

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. Usage risk—inaccuracy The performance of an AI system heavily depends on the data from which it learns.

Insurance 71

Insurance Government Regulations Analytics 71

IBM Services

OCTOBER 12, 2023

Depending on where an organization conducts business, it will need to comply with any number of government regulations regarding where data is stored and how an AI model uses data to perform its tasks. Current regulations are always changing, and new ones are being introduced all the time.

Government 80

Government Out-Tasking Regulations Analytics 80

Everest Group

MARCH 13, 2024

With more than 70 million individuals in the US engaged part or full-time in the gig economy, the notable lack of workplace benefits and life insurance coverage for these flex workers has sparked widespread debate. Options may include health insurance, retirement plans, disability coverage, and more.

Insurance 147

Insurance Administrative Flexibility Reduced Costs 147

IBM Services

FEBRUARY 8, 2024

For industries providing essential services to clients such as insurance, banking and retail, the law requires the use of a fundamental rights impact assessment that details how the use of AI will affect the rights of customers. Dec 19, 2023 The European AI Act is currently the most comprehensive legal framework for AI regulations.

Government 77

Government Regulations Risk Management Risk Management 77

Everest Group

MARCH 13, 2023

This stability is primarily because impacted employees either opt for subsidized government programs or forego medical care, as applicable, pushing the healthcare cost to the future. As a result, health plans tend to be relatively less affected due to recessionary headwinds. It’s hard to say, given the global inflation outlook improvement.

Healthcare 147

Healthcare Insurance Administrative Government 147

Forrester Digital Transformation

OCTOBER 26, 2022

Environmental sustainability is fast becoming a priority for consumers, businesses, and governments. In response, leading financial services firms across banking, investment and insurance have launched an array […].

Finance 26

Finance Insurance Service Banking 26

Everest Group

AUGUST 30, 2024

AI Governance: Learn about the frameworks and strategies necessary for robust AI governance to ensure ethical, efficient, and effective AI deployment within financial institutions.

Banking 130

Banking Service Government Insurance 130

Everest Group

DECEMBER 14, 2022

Looking back at the downturn in 2008, new FinTech trends emerged, including personal finance management (PFM), insurance aggregators and marketplace, robo-advisors, crowdfunding, challenger/neo/digital-only banks, and cryptocurrencies. FinTechs will move away from bundling/aggregation to financial ecosystem orchestration.

Banking 182

Banking Insurance Finance Advisory 182

Perficient Digital Transformation

APRIL 16, 2024

Health insurers today are facing a rapidly evolving landscape of complex expectations and requirements. Whether it’s responding to government mandates regarding interoperability and data privacy or customer demand for a seamless digital experience, constant evolution is key to staying at the forefront of industry standards.

Marketing 107

Marketing Healthcare Insurance Advisory 107

Everest Group

NOVEMBER 10, 2023

Its benefits encompass improving workforce productivity, ensuring strict process governance and compliance, and enhancing customer experience. It is gaining popularity worldwide, offering numerous applications across various business functions and industries.

Payroll 162

Payroll Insurance Finance Outsourcing 162

Invensis

APRIL 12, 2022

Along with stiff competition issues, the insurance sector also grapples with stringent government restrictions and customer satisfaction issues. By being skimpy with this practice, insurers can lose reputation and clients in the long run. The post Why Claims Management is Critical to the Insurance Sector?

Insurance 52

Insurance Management Government Service 52

Everest Group

FEBRUARY 2, 2023

Energy conservation and ESG tracking Due to the connected and transparent nature of the stored data, blockchain, in conjunction with the internet of things (IoT) technology, can accurately track carbon emissions and help firms track Environmental, Social, and Governance (ESG) mandates for clients and themselves.

Banking 246

Banking Service Right-Sizing Automation 246

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. For proactive health payers, these changes carry immense opportunity.

Insurance 52

Insurance Healthcare Regulations Administrative 52

Everest Group

APRIL 3, 2024

Gen AI has recently gained considerable attention in the banking, financial services, and insurance (BFSI) industry. Explore the various costs and advantages associated with this technology in this blog, or get in touch to find out more. Non-compliance with these regulations may lead to fines and legal consequences.

Regulations 173

Regulations Out-Tasking Insurance Cybersecurity 173

IBM Services

DECEMBER 4, 2023

IBM can help insurance companies insert generative AI into their business processes IBM is one of a few companies globally that can bring together the range of capabilities needed to completely transform the way insurance is marketed, sold, underwritten, serviced and paid for.

Insurance 56

Insurance Cybersecurity Risk Management Risk Management 56

Everest Group

OCTOBER 26, 2022

Market Insights™ F&A Operations Transformation – an Illustrative Example for an Insurance Company. In this research, we assess FAO service providers based on their vision & capabilities and market impact and position them on the Everest Group PEAK Matrix®. Our Thinking. Learn More. Learn More.

Finance 130

Finance Accounting Outsourcing Service 130

Everest Group

OCTOBER 13, 2021

Summary Mature banking, financial services, and insurance (BFSI) global business services (GBS) organizations are taking on advanced vendor management organization (VMO) roles, acquiring more responsibility in governing service provider delivery. This is an invitation-only Everest Group event, exclusively for members.

Strategic Sourcing 130

Strategic Sourcing Insurance Global Business Services Banking 130

Groove Technology

NOVEMBER 1, 2024

Health Insurance Companies : For processing claims and managing patient records, high-quality healthcare software development services are essential. Regulatory compliance The healthcare industry is subject to numerous regulations and standards that govern software development and data management.

Healthcare 130

Healthcare Software Outsourcing Regulations 130

Everest Group

JUNE 16, 2023

For many sourcing organizations, Environmental, Social, and Governance (ESG) considerations have become more visible criteria in selecting strategic suppliers. Aligns with government policies : Including diverse suppliers can help companies meet government goals and requirements. And those numbers are steadily increasing.

Outsourcing 130

Outsourcing Service Government Sourcing 130

Everest Group

SEPTEMBER 14, 2022

At its end, the US federal government has taken a serious stance against cybercriminals and has been proactively making laws on a range of security challenges, such as Operational Technology (OT) security and data privacy laws such as the California Consumer Privacy Act (CCPA). Our Thinking. Learn More. Learn More. Learn More.

Cybersecurity 130

Cybersecurity Service Insurance Risk Management 130

Microsourcing

SEPTEMBER 8, 2021

A 2018 survey found the average hospital needed to reduce its costs by 24% by 2022 just to break even, with the flow of income from governments, patients and health insurance providers not enough to meet the shortfall.

Healthcare 98

Healthcare Outsourcing Insurance Government 98

Everest Group

JANUARY 27, 2022

FAO buyers are increasingly open to third-party support for complex, judgment-intensive processes and digital solutions; providers are further differentiating themselves with talent strategies, governance models and ESG initiatives.

Finance 130

Finance Accounting Outsourcing Retail 130

Everest Group

OCTOBER 26, 2022

Market Insights™ F&A Operations Transformation – an Illustrative Example for an Insurance Company. In this research, we assess FAO service providers based on their vision & capabilities and market impact and position them on the Everest Group PEAK Matrix®. Our Thinking. Learn More. Learn More.

Finance 130

Finance Accounting Outsourcing Insurance 130

Mercans

OCTOBER 17, 2024

The Appellate Court’s recent ruling enables the Government to implement the Social Health Insurance Act no. This law replaces the National Health Insurance Fund (NHIF) with the Social Health Insurance Fund (SHIF). 16 of 2023.

Insurance 40

Insurance Payroll Regulations Accounting 40

Infosys Consulting

JANUARY 25, 2022

As the world starts to reopen and we once more begin to plan trips both near and far, one item has moved to the top of my to-do list: travel insurance. Shan is a C-Suite Advisory, Financial Services & Insurance Leader in the APAC region. VP & Partner Head – CIO Advisory APAC & Financial Services ANZ. Meghna Sekhar.

Insurance 52

Insurance Advisory Finance Government 52

Redial

APRIL 17, 2024

Regional and Domestic Market Opportunity: As a hub for regional and domestic markets, South Africa experiences increasing demand in sectors such as telecommunications, banking, financial services, insurance, retail, and digital solutions. This is a destination largely productive for U.S.

Banking 130

Banking Human Resources Outsourcing Legal Services 130

Redial

APRIL 17, 2024

Regional and Domestic Market Opportunity: As a hub for regional and domestic markets, South Africa experiences increasing demand in sectors such as telecommunications, banking, financial services, insurance, retail, and digital solutions. This is a destination largely productive for U.S.

Business Process Outsourcing 130

Business Process Outsourcing Banking Human Resources Outsourcing 130

Everest Group

JANUARY 12, 2024

Central banks wield the reins with CBDCs, ensuring strict regulations and government backing. These developments, fueled by partnerships and even the entry of insurers, are poised to propel digital asset adoption. With renowned institutions and insurers stepping in, the foundation for mass adoption is getting stronger, brick by brick.

Banking 162

Banking Retail Insurance Collaborations 162

Everest Group

JULY 20, 2023

Additionally, as governments worldwide enforce stricter data protection and security regulations, enterprises face pressure to comply with these regulations and adhere to localized data privacy laws.

Management 130

Management Service Regulations Insurance 130

Groove Technology

MAY 18, 2023

API-led connectivity: MuleSoft’s API-led connectivity approach provides a well-defined, reusable, and scalable architecture for building integrations that expose data as APIs, enabling better governance and reuse. Train personnel: Provide training and resources to enable personnel to develop, deploy, and manage integrations effectively.

E-Commerce 130

E-Commerce Supply Chain Management Government Banking 130

Everest Group

JUNE 23, 2022

We strongly believe central IT teams have a meaningful role in the ecosystem to provide effective oversight and governance, in addition to strategizing the use of the best low-code platforms at the enterprise level.

Marketing 130

Marketing Supply Chain Management Government Engineering 130