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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Prevent Certificate Non-Compliance Issues with Proactive Risk Mitigation Imagine you are an operations manager at an insurance firm. You want to ensure smooth operations and compliance adherence. You receive a notice from a client’s legal team stating that the certificate of insurance provided by your agency is non-compliant. Panic sets in as you realize the
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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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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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Insurance Quoting Software: Choose the Right Solution for Your Business Picture this. You manage accounts for a reputed insurance firm. Over the years, you’ve built good personal relationships with your clients. They trust you to find them the best coverage for the best possible price. However, there is a challenge you need to overcome. You
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5 Ways to Drive Value with Insurance Analytics Verdon Taylor, a Florida resident, seemed to be a magnet for fire disasters. Combustion accidents repeatedly befell his cars, belongings and mobile homes. This phenomenon seemed to rub off on his friends and family too. When his case was finally brought to court, it was revealed that
Best Practices Insurance Agencies should follow for Effective Compliance The importance of compliance cannot be undermined. When it comes to insurance regulations, we all pursue the same goal. Every company aims to provide the best protection for its clients. How can you be sure that you are working towards the same goal? When it comes
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Five Important KPIs for Effective Contract Compliance Management Compliance contract managers are under constant pressure to deliver higher business value while at the same time bringing down contract risks, decreasing contract costs and improving their contract performance. Research by IndustryWeek has found that organizations can easily save up to 80% more than others in costs
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