PegaWORLD 2015: TCS: Next-Generation Underwriting Systems Provide Digital Transformations That Revolutionize Data (Presentation)
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Enormous amounts of data are available for insurance underwriters. The most critical business challenge insurers face is sorting and analyzing this data effectively to make meaningful decisions. Underwriting transformation requires a complete transformation of the way data is handled. Disparate and non-integrated systems underwriters’ formerly used to do their job are being replaced by one cohesive platform. A single-platform underwriting system allows for dynamic case management, intelligent workflow and informed decision-making about risk exposure, aggregation and tolerance for geographies, LOBs, products and insured portfolios.
Next generation underwriting requires an automated workflow, integration of third-party data and the incorporation of social media. Join us to learn more about how underwriting systems which don’t keep pace with the changing digital landscape will be at a serious disadvantage in determining risk and competing in today’s market.
- Vinod Kachroo, CTO, Insurance and Healthcare, TCS