Insurance companies benefit from a reduction in costs and risk through easy access to information
The insurance sector is under increasing pressure to improve services to its customers and compete against more agile competition. A major challenge for large insurers is meeting these demands with legacy technology and practices. The Eightwire data exchange allows multinational insurers to remove these legacy challenges to performance.
The Eightwire data exchange is an accelerant to process improvement. It provides a seamless exchange between underwriting, finance, claims, and analytics. The exchange can reach out to brokers as well to provide near-real time information from across the entire business.
Over the long term, insurance companies benefit from a reduction in costs and risk through easy access to information. This feedback loop drives more improvement and innovation across the company which yields greater benefits.