As we look back on 2024, it’s clear this year has been a turning point for the risk technology (RiskTech) industry. Many of the trends we predicted in our 2024 Outlook have not only materialized but have started to reshape how organizations approach risk management and leverage technology.
2024 Year in Review: A Transformative Year for RiskTech Read More »
Welcome to the latest edition of RiskTech Insights—your ultimate source for staying informed about the newest developments and approaches in risk and insurance technology! In this edition we explore two subjects that are influencing the industry landscape—robotic process automation (RPA) and the decision-making process between opting for best of breed solutions or a single vendor approach. These informative blog posts offer guidance to assist you in making choices that will positively impact your organizations risk technology outcomes.
Issue 26: Navigating RMIS Strategies and Automation Trends Read More »
Analyzing data at each stage in the claims life cycle – from first notice of loss to payout – is critical for getting the best outcomes. This webinar will discuss how organizations are embedding analytics and AI into the claims
In today’s fast-evolving digital world organizations are looking for technologies that improve operational efficiency, reduce costs, and enhance productivity. Robotic Process Automation (RPA) has emerged as one of the most valuable tools for achieving these goals, especially when it comes to handling repetitive tasks that follow set rules. AI has attracted a lot of excitement for its capabilities however RPA is often seen as the more practical solution, in many situations. In this article, we’re going to delve into the advantages of RPA and examine why, in some cases, it might be a better fit than AI for specific business needs.
In today’s fast-paced business landscape, risk management plays a crucial role in ensuring the success and sustainability of organizations. To effectively manage risk, businesses rely on risk management information systems (RMIS), which provide the necessary tools and functionalities to streamline processes, collect and analyze data, and make informed decisions.
How to Select The Right RMIS for Your Organization Read More »
For many years you could select a Risk Management Information System (RMIS) that could meet all your needs but with the rapid advancement of technology and the world of risk has expanded almost as quickly, it may require a different approach.
Finding solutions that can meet all your needs and offer advanced innovation such as automation, AI, and data analytics may require a best-of-breed approach. Both strategies come with their advantages and drawbacks, and the best option depends largely on your organization’s unique needs, objectives, and resources.
Single-Vendor vs. Best-of-Breed RMIS: Which Strategy is Right for You? Read More »
In this edition of RiskTech Insights, we explore how AI is reshaping the landscape of insurance and risk management. With its ability to streamline processes, enhance data analysis, and improve decision-making, AI is no longer a future consideration—it’s a present necessity. As organizations navigate an increasingly complex risk environment, AI is unlocking new strategies for mitigating risks, optimizing insurance operations, and transforming risk pooling models. Dive deeper into these topics with our featured blogs on AI’s top use cases in risk management and its impact on the future of risk pooling and insurance.
Issue 25: How AI is Reshaping the Landscape of Insurance and Risk Management Read More »
