How to Choose the Right No-Code Development Platform for your Business
No-code, democratizing software development, ensures that businesses become agile and resilient, helps to combat tech talent shortage, and drives their innovation and digital transformation. Moreover, it relieves the highly taxed IT teams that are overburdened with multiple requests and backlogs. With citizen development gaining momentum, an increasing number of organizations are finally getting ready to […]
Top Ways Insurance Businesses Can Reduce the Mounting Technical Debt with No-Code
In software development, technical debt is the result of choosing a quick fix or shortcut over a more labor-intensive solution. If technical debt is not paid off, it will continue to pile up, making it more difficult to execute modifications or add new features to the software and ultimately making development teams and stakeholders wary. […]
Tackling the Complex Challenges of P&C Insurers in 2022
The property and casualty (P&C) insurance industry is rapidly evolving and is facing unprecedented times in terms of change. They are faced with an increasingly competitive landscape, emerging technologies, pressures of regulatory compliance, and soaring customer expectations. To keep pace, P&C insurance carriers need to reinvent and transform themselves and embrace innovation that can disrupt. […]
The Rise of Digital Natives: How millennials & Gen Z are transforming insurance
One of the significant headlines from McKinsey’s Global Insurance Report 2022 is that the insurance industry is struggling. Against the backdrop of persistently low-interest rates and pricing pressures, they are also stumbling to rapidly adapt to a new reality- the growing dominance of new buyer cohorts- Gen Z and Millennials. Gen-Z & Millennials- Dominant buyer […]
BFSI trends 2022: Climbing to the Next Level
The word ‘Technology’ has grown multi-folds during the pandemic. Few industries such as IT and Electronics held a substantial part of technology and innovation. But the Pandemic changed everything and turned technology into a transformative force for every industry. With the beginning of an era of remote and hybrid working, the advancement in technology has […]
Conversational AI in Insurance: Enriching the Customer Experience
The enormous benefits of using Conversational AI in the insurance industry are already becoming apparent. Leading insurance companies have transformed their customer service by automating the end-to-end resolution of over 80% of incoming inquiries using AI-powered Intelligent Virtual Assistants (IVA) while slashing operating expenses dramatically. Identifying consumers’ motives for initiating contact has become critical analytics […]