As property/casualty insurance carriers look to upgrade their core insurance systems, one key requirement is being able to integrate the increasing number of data sources and services required for the processing of insurance. With a growing library of pre-built and fully maintained integrations, SaaS core systems enable carriers to consistently have the data they need to move faster and be more efficient in launching new products, enhance underwriting and rating decisions, and provide better customer experiences.
06. Effective Use of Data Requires Consistency, Integration
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Insurers upgrading to a SaaS environment need to consider how the data they depend on will be integrated into new systems, and whether they're making best use of all data resources.