Customer UX the winner in P&C survey Technology is a great enabler, but if you don’t have happy employees facing your customers, building relationships and caring about your products, you aren’t capitalizing on your greatest asset – your people. This was one of the conclusions from a McKinsey survey (September 2023) of more than 8,500 […]
The path to digital transformation Is your insurance business working on digitization, digitalization or digital transformation? It’s easy to use these terms interchangeably, but while they are related, they refer to different concepts. They differ in various aspects – in terms of their purpose and focus area, their intended outcome, their challenges, their technologies. In
Industry Experts We do business differently Exdion Insurance operates at the intersection of advanced AI technology and the insurance sector. Exdion was the first company to offer a comprehensive suite of insurance policy management software designed to address the ongoing industry issues of manual processing, employee overload, increased expenses, and broker errors and omissions. Our
Flattening the process using artificial intelligence Exdion Insurance is an industry expert in using artificial intelligence and machine learning for the digitization of business processes. We use advanced AI technology to transform processes in your business, helping you to flatten the process to extract efficiency significantly and improve customer experience/s, while at the same time
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Insurance Renewal Process: Key Steps, Stakeholders, and Challenges Insurance agents play a vital role in the insurance industry by ensuring that policyholders have continued coverage and protection. However, the process of renewing insurance policies can be time-consuming and challenging, often involving a substantial amount of paperwork and manual effort. With the advent of insurance renewal
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Bridging the Gap: Enhancing Risk Assessment through Insurance Gap Analysis In today’s rapidly evolving business landscape, understanding and managing risks is crucial for organizations to thrive and maintain a competitive edge. As uncertainties and potential threats continue to emerge, it becomes increasingly important for businesses to assess their current state and bridge any gaps that
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The Role of Policy Checking Software in Risk Management – A Comprehensive Guide Policy checking is a vital aspect of the insurance industry, as it ensures that policies comply with regulations, accurately reflect the coverage that policyholders have requested, and mitigate risks. A comprehensive policy check can help Brokers avoid costly errors and prevent legal
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Accelerate Business Growth with Insurance Quote Software Insurance companies are facing increasing competition in today’s market, and they need to find ways to stay competitive and efficient to succeed. Providing a superior customer experience is one of the best ways to differentiate themselves from the competition and build customer loyalty. To achieve this, insurers need
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How Big Data in Insurance is Transforming The Industry Before the advent of big data analytics, insurance companies faced significant challenges in several areas of their business operations. Insurers had to rely on traditional methods to assess risk, which often involved collecting and analyzing data from limited sources such as historical claims and underwriting data.
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Power Of Real-Time Data To Stay Competitive In The Insurance Industry Data has always played a crucial role in the insurance industry. Since the early days, insurance companies have been gathering, analyzing, and updating data to assess risk, set premiums, and make better decisions. However, the process of collecting and analyzing data was often long
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