Hal Schwartz’s Post

WTW Unveils Groundbreaking Machine-led Solution to Redefine Insurance Reserving Best Practice Tina Link Gwilliam, Global Proposition Leader for Reserving, WTW, said: “The insurance industry has long faced challenges with expensive, infrequent, low-granularity analyses for financial reporting. ResQ Machine-led Reserving delivers faster, more precise results that allow reserving teams to focus where it matters and provide insights to support broader business needs.”  https://lnkd.in/euayPF25 Lauren David Sarah Booker Joanna Suszczyk Emma McEvoy Jammay Louie Sarah-Louise Campbell ACIM Kaimana Davis #fintech #finance #banking #paytech #payments #fintechnews #paymentsnews

Transform Your Insurance Finance Operations with Fennech The insurance and reinsurance industries are complex, and manual reconciliation is holding companies back. But with Fennech's Advanced Reconciliation Manager for Insurance, the future is here! Discover how we’re revolutionising financial processes with automation, machine learning, and smart contracts – helping insurers streamline transactions, speed up claims payments, and stay compliant. Ready to optimise your operations? Read our latest blog to find out how Fennech can transform your reconciliation processes and drive efficiency. 🔗 https://bit.ly/3Zy1bMG #Insurance #Reinsurance #FinanceAutomation #DigitalTransformation #FinTech #Innovation #MachineLearning #Compliance #FennechFinancial #Fennech #Reconciliation

Sharing great insights (I know, I may be a bit biased 😉) on the insurance industry's challenges when optimising all reconciliations activities. 👉 The fact is, whatever industry you are in, a lack of speed, accuracy and efficiency in managing your account receivables and account payables can become an absolute nightmare not only for your cashflow management but crucially and ultimately for your clients’ experience. ⏱ Please take 5 minutes to have a read through even if you are not in Insurance. You will realise how this applies in your own organisation. 📩 DM me or comment on my post if you would like me to send you our latest free quick guide highlighting the Best Practices To Master Reconciliations, including what to look out for when selecting the best solutions. 🆘 And, of course, share with anyone you believe this could help!

Covr Financial Technologies Unveils Its Third-Generation Insurance Software: The Most Advanced Platform for Simplifying Insurance for Financial Professionals  Read more: https://lnkd.in/dkT9Usyg #Covr #InsuranceSoftware #ThirdGeneration #FinancialProfessionals #PlatformInnovation #finance #fintech #FinancialIT

Shocking that Prudential is closing down Assurance IQ after the $2.35B acquisition. My heart goes out to the employees affected by the shutdown. Makes me think about the long term viability of online platforms used to buy insurance offerings. Even with consumers preferences to buying online, it may not be a viable business model long term. I think there is a way to do it right. It would be interesting to understand what ultimately lead to the continued losses quarter after quarter. Grew too fast? Didn’t scale customer support which lead to poor customer reviews? It will be interesting to see how companies like The Zebra and Lemonde, who were started within a couple years of each other navigate this environment.

🔥🔥🔥 Hot of the presses!!! Thanks to FF News | Fintech Finance for covering our latest news that American Family Life Insurance is adopting our SaaS platform for automated underwriting and analytics. Grant Andrew #insurtech #saas #lifeinsurance

🚀 Big News in the Insurance World!   At J.P. Morgan Payments, we’re proud to drive innovation and efficiency in the insurance sector with two groundbreaking collaborations! #PaymentsInnovation   🌟 In North America, we’ve teamed up with One Inc to bring Zurich North America the cutting-edge ClaimsPay® digital claims payment system. No more waiting for paper checks – Zurich’s customers and claimants can now enjoy faster, streamlined payments with just a click. This collaboration is a testament to Zurich’s commitment to a customer-focused, modern #claims experience.   🌟 Across the pond in Europe, we’re excited to join forces with AutoRek to revolutionize premium processing for #insurance firms. By integrating AutoRek’s financial data flow expertise with our robust payment solutions, we’re offering a seamless, end-to-end solution. This means greater efficiency, quicker cash flows, and fewer write-offs for brokers, carriers, and reinsurers.   These collaborations showcase our dedication to leveraging top-tier digital innovations for our clients. We’re not just enhancing processes – we’re unlocking new market opportunities and delivering unmatched value globally.   A huge shoutout to Darren Snoxell and Kevin Morse for spearheading these transformative projects. Your leadership and vision are truly driving change in the industry!   Stay tuned for more updates as we continue to push the boundaries of what’s possible in the insurance world. #JPMorganPayments Jason Clinton Mike Katergaris Fourat Dawood David Hemmings James Dalby Ruya N. Valentin Remeuz 

Verisk Launches First-of-Its-Kind Insurance Index to Better Inform Pricing Decisions Read more: https://lnkd.in/dSujRfqB #Verisk #InsuranceIndex #PricingDecisions #finance #fintech #FinancialIT

It’s no surprise to see @Primerica recognized in a recent MarketWatch piece for being named as the #3 Most Trusted Financial Company by Investor's Business Daily. The recognition is based on a client survey of #Primerica’s term life insurance business ranking companies on 7 attributes – quality, ethics, privacy, customer service, price, sensitivity to customer needs, and innovation. #MostTrusted #PrimericaProud #Primerica On.mktw.net/3RoVWHx https://bit.ly/3JLuv9x

It’s no surprise to see @Primerica recognized in a recent MarketWatch piece for being named as the #3 Most Trusted Financial Company by Investor's Business Daily. The recognition is based on a client survey of #Primerica’s term life insurance business ranking companies on 7 attributes – quality, ethics, privacy, customer service, price, sensitivity to customer needs, and innovation. #MostTrusted #PrimericaProud #Primerica On.mktw.net/3RoVWHx https://bit.ly/3JLuv9x