The insurance industry has been resistant to full-scale digital transformation due to stringent regulations, extensive existing policies, and high entry barriers for new players in underwriting insurance risk. However, it’s crucial to recognize that change is inevitable.
While automation has helped insurers adapt to changing customer preferences and navigate complex regulatory environments, a notable gap exists in its implementation. This deficiency is primarily characterized by content sprawl.
Neglecting content hampers progress in an insurance company’s digital transformation. This leads to disjointed experiences in customer journeys, inefficiencies due to reliance on paper-based processes, challenges in compliance adherence, and cumbersome reporting and tracking, among others.
It’s time to consider a revaluation of your enterprise content management strategy.
Read this whitepaper to gain valuable insights into:
- The difficulties associated with manual, paper-based processes in insurance operations.
- The pivotal role that a content services platform plays in completing the automation puzzle for insurers.
- How a content services platform can effectively address critical gaps in insurance operations, spanning areas such as policy issuance, underwriting, and risk and compliance management.