Open Banking Excellence (OBE)’s Post

We feature in this list of the best 5-star #insurance technology and software providers worldwide in this report compiled by Insurance Business UK, with entrants assessed for ease of use, streamlining of processes, value for money, ease of implementation and customisation. https://lnkd.in/egFtmWaj #insurancenews #insurtech

Yeah, insurance software features are cool… but have you ever experienced what it's like when the team behind it is world class at execution? 🤤 Our latest blog spills the beans on why it’s not just about the tech – it’s about the people who make it work. "𝑾𝒉𝒂𝒕 𝒈𝒐𝒐𝒅 𝒊𝒔 𝒂𝒏 𝒂𝒎𝒂𝒛𝒊𝒏𝒈 𝒇𝒆𝒂𝒕𝒖𝒓𝒆 𝒔𝒆𝒕 𝒊𝒇 𝒊𝒕 𝒏𝒆𝒗𝒆𝒓 𝒈𝒆𝒕𝒔 𝒑𝒓𝒐𝒑𝒆𝒓𝒍𝒚 𝒊𝒎𝒑𝒍𝒆𝒎𝒆𝒏𝒕𝒆𝒅?" we ask. From understanding your needs to delivering a solution that fits like a glove, technology is only as good as the people delivering it. Find out why people are every bit as important (if not a smidge more) as the technology itself... 👉 https://lnkd.in/eZw9pJB5 #InsuranceSoftware #Insurtech #Insurance #ThePeopleBehindTheTech #InsuranceInnovation

So what about Open Insurance? We get to read a lot about #openbanking and #openfinance so we thought why not bring some attention to #openinsurance. Open insurance — sharing insurer-held data and capabilities within a specialized partner ecosystem — offers benefits to customers and industry players alike. As a key enabler for embedding insurance solutions within product and service purchases, it provides customers greater convenience, flexibility, and personalization. For insurers, it allows for better targeting, efficiency, product/service enhancement, and data accuracy. Yet there are significant barriers hindering progress toward the open insurance model. In this Viewpoint, we examine the building blocks and priorities for overcoming barriers and making open insurance a reality. Arthur D. Little 👋 Ronald Engel Andreas Buelow Javier Fernández Mendiolea Martin Rauchenwald #embeddedfinance #embeddedinsurance #insurtech #innovation #data #apis #insurance

Shorten the timeline between policy proposal and #policycreation with #automation in insurance. #Insurance companies face challenges in their back-office operations due to extensive paper-based documentation processes. Insurance processes, such as #claimsprocessing, #underwriting, and manual policy quoting, result in delays, lower #customersatisfaction, reduced business conversion rates, and decreased profitability. Automating the insurance process can help insurers in reducing their manual efforts and fast-track the process. Click here to explore more about AutomaitonEdge solutions for the insurance industry. https://lnkd.in/dscNBhZD

Ethical business practices and trust are paramount in today's global insurance landscape. National and international regulatory frameworks are in place to ensure compliance, trust, and reliable customer experience. Insurance companies are tasked with maintaining appropriate checks and balances, ensuring transparency and fairness, and maintaining the ethical obligations that are a part of running an insurance company. Compliance with these regulations is not just a requirement but a responsibility, whether safeguarding customer data, maintaining financial solvency, or preventing fraudulent practices. Maintaining compliance is critical as companies expand globally and navigate the complexities of local and international regulations. At Acess Meditech, we take pride in our commitment to regulatory compliance. Our Insurance Software solutions are built with intention and purpose, and we take great care to ensure that our clients stay ahead of changing regulations, reduce risk, and enhance operational efficiency. With built-in compliance checks, real-time updates, and global adaptability, we empower our clients to deliver their best service to their customers with unmatched peace of mind. Visit us at www.acessmeditech.com to learn more about our commitment to driving innovation in InsurTech! #InsuranceIndustry  #RegTech #ComplianceInnovation #InsuranceTechnology

Insurance Business has unveiled the Global 5-Star Technology and Software Providers of 2024, showcasing insurtech companies that are setting new industry benchmarks. The recognition is based on a rigorous 15-week process involving insights from brokers and insurance professionals worldwide. https://hubs.la/Q030nDpc0

Regulatory Innovations and Digital Push: NAICOM (National Insurance Commission) is actively working on revitalizing the industry by pushing for digital transformation, regulatory reforms, and the adoption of Insurtech solutions. This is aimed at addressing Nigeria’s low insurance penetration and improving public trust by enhancing accessibility and transparency in insurance services. NAICOM’s draft guidelines for Insurtech operations, expected soon, reflect the emphasis on technology and customer-centric approach. Source: The Vanguard

Regulatory Innovations and Digital Push: NAICOM (National Insurance Commission) is actively working on revitalizing the industry by pushing for digital transformation, regulatory reforms, and the adoption of Insurtech solutions. This is aimed at addressing Nigeria’s low insurance penetration and improving public trust by enhancing accessibility and transparency in insurance services. NAICOM’s draft guidelines for Insurtech operations, expected soon, reflect the emphasis on technology and customer-centric approach. Source: The Vanguard

Knock-knock. Who's there? A new case study on our website! 😎 This latest project showcases how we enhanced client management, policy tracking, and compliance for an insurance company through cutting-edge Insurtech solutions. Our team implemented: 🔹 Automated Workflows 🔹 Centralized Data Management 🔹 Seamless System Integration The result? Improved operational efficiency, better regulatory adherence, and heightened client engagement. Check out the full case study to see how we can transform insurance operations 😉 #Insurtech #Insurance #ClientManagement #PolicyTracking #Compliance #Automation 

A flagship insurance giant transformed their legacy system into a benchmark of efficiency and compliance. Learn how Systech reclassified billions of records to enhance data management and meet modern regulatory standards. https://lnkd.in/eMdKTRp2 Optimize your insurance strategies with Systech's specialized insurance solutions https://lnkd.in/ggMSmeBs #DataTransformation #InsuranceInnovation #ComplianceSolutions #DataStrategy #OperationalExcellence #SystechServices #BusinessOptimization #EnterpriseData #FinancialCompliance #DigitalTransformation #InsuranceTech #DataAccuracy #OperationalEfficiency #Scalability #BusinessTransformation