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.
04. Software As a Service Can Drive Continuous Process Improvement
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Insurers are still relatively young users of SaaS tools, but are adapting quickly to systems that allow ongoing improvements to processes, work flows and rules.