Insurance

IFRS 17: An Opportunity to Rethink and Revolutionize Insurance Accounting

  Are you ready for IFRS 17? Financial Reporting Standards have changed many times in the past, but not like this time. This change will bring about a wide range of opportunities for insurance companies that prepare for the new standard. Many companies have a tactical plan to respond to the requirements. But the best success will be realized by companies that form a broader reporting strategy that includes IFRS …

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How Digital Networks can dramatically impact Claims Spend

Innovation is enabling Insurance Carriers to lower Claims Spend in ways that have not traditionally been available, and the impact is available to all size carriers, whether a regional mid-size, a large national, or a mega-multinational organization Expansive business networks, and ecosystem platforms effectively integrated with claims management processes are allowing for more compliant and automated processes towards contingent labor and the ability to more effectively manage strategic suppliers and …

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SAP Financial Services Innovation Summit:Oct 11-12

  Is your business prepared to capitalize on the Internet of Things (IoT), artificial intelligence (AI), open APIs and Blockchain– or are you lost in the maze of options and opportunities? Learn how to successfully leverage an ecosystem of customers, partners, and employees to drive innovation at the SAP Financial Services Innovation Summit in New York City, an invitation-only event held October 11-12, 2017. The Summit brings together a diverse …

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Predictive Analytics Impact on the Insurance Industry

  Predictive analytics is playing an ever-increasing role in virtually all areas of the insurance industry. Throughout the value chain of marketing, sales, underwriting, pricing and claims, predictive analytics are assisting more and more companies in better risk assessment, maximizing the return on their investments, improving customer service and increasing overall efficiencies. Its impact in the insurance industry is seismic, although not necessarily new. A case could be made that …

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IFRS 17 – The New Rules Are Here, Are You Ready for a Change?

The International Financial Reporting Standard 17 (IFRS17) was recently launched by the International Accounting Standards Board. This standard replaces IFRS 4 and will have a significant impact on many insurers today. Specifically, it targets transparency within the industry. This long-awaited change will impact the way today’s insurers operate on a day-to-day basis. Take a closer look at what this change is and how it will impact you. It’s also important …

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How Celent Award Winner Meteo Protect Uses Digital Apps to Manage Weather Insurance

  I’ve written a lot about how the insurance industry is changing, and how startups and companies that embrace digital transformation are reshaping the model for the insurance industry. And while concepts such as IoT and Big Data are important to discuss in the abstract, it’s equally important to look at real-world cases of disruptors in our industry. One such company is Meteo Protect, a French startup that looked at …

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Is Your Insurance Business Keeping Up with Digitization Trends?

Digitization and disruption. The changes in the insurance industry today are unprecedented. New technology is completely shifting how the market works. How is your insurance business keeping up with these changes? Find out at SAPPHIRENOW and learn about the hottest trends that are impacting the market today…the ones you need to be aware of when planning your business’ future. Top Trends as the Insurance Industry Digitizes The Cloud Right now, …

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Your Guide to Insurance Sessions at This Year’s SAPPHIRE NOW

Spring is finally here—and for those in the business and IT communities, it also means the annual SAPPHIRE NOW conference in Orlando, Florida is approaching! This year’s conference will take place May 16-18 and is a great opportunity for businesses across industries to learn about new SAP products and solutions. If you’re a part of the insurance industry and plan to attend the conference this year, here’s a sneak peak …

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Delivering a digital insurance boardroom for a digitized insurance industry

Things are happening fast in the insurance world these days – real fast. Digitalization is putting major demands on everybody. Busy consumers can now scout for quotes online from anywhere using any device, submit queries on social media, and pay their premiums using a variety of channels. Nobody waits around for service and they shouldn’t have to. And in the companies themselves, digitalization has transformed both back-office processing functions and …

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Are you an Insurance Disrupter? Tell us your Story for a Chance to Win

“Every single industry is going through a major business model and technology oriented disruption.” – Aaron Levie. Uber, Zopa, Airbnb, Grubhub, and anything Elon Musk dreams up – are all examples of ideas turned into innovation turning industries upside down and all around. If you’re doing the hard work of using digital to disrupt the insurance industry, we want to know. You can tell us your #InnovationStory by entering the …

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