Thanks for having Majesco with Arun Kalyanaraman and I participating in the article! As we shared in the article, today's Policy solution is very different than the past .. even from just a few years ago!
Next-gen insurance PAS platforms must be designed to meet insurers’ needs of tomorrow, today. With the speed and flexibility of cloud, power of embedded advanced analytics, and the limitless possibilities of GenAI, it empowers insurers to accelerate operational optimization and innovation, providing a competitive edge to rapidly launch new products, drive employee productivity, and deliver exceptional customer experiences.
It leverages the power of next-gen architecture with native cloud, open APIs, headless, microservices and containerization, and embedded analytics including Gen AI to unlock growth and operational superiority to stay at the forefront of the competition.
It includes pre-integrated customer journeys with an intelligent sales & underwriting workbench to transform new stages of the customer lifecycle, from onboarding and enrollment to automated renewals and individual medical underwriting for worksite and voluntary benefits – and works effectively with brokers.
Embedded analytics, and particularly GenAI, enables productivity for tasks and transactions that can take 10-15 minutes on a new moder solution down to 30-60 seconds, providing 10-20 times productivity improvements that accelerate customer servicing, operational processing, and a competitive edge.
The necessary business operating model and technology foundation needed today and in the future is much different than what we have seen in the market the last 5-10 years. It is time to rethink insurance!
👉 The August edition of the Voluntary Benefits Voice is here! 📖
🔷 Danielle Lehman and Nick Rockwell with Eastbridge Consulting Group discuss top trends shaping the Voluntary Industry
🔷 Tom Brinton with EOI Service Company addresses trends and innovations impacting the employee benefits industry today
🔷 Ben Yomtoob with BuckleyRoberts talks about how to move benefit administration systems to move from administration to employee care and why success will come to the platform providers who capitalize on this and figure out how to deliver a multi-vendor experience under a single umbrella
🔷 Patrick Leary with LIMRA brings light to the impact of economic factors on workplace benefits
🔷 Anthony Grosso with EIS and Denise Garth and Arun Kalyanaraman with Majesco explain what a policy administration system (PAS) is and why investing in new technology will shape the future of carriers in the benefits industry
🔷 Mark Head with BenefitPersonas™ addresses what a Lifestyle Spending Account is and how they address employee needs
🔷 Steve Clabaugh brings us in the latest in Relational Leadership sharing a story about how incidental mentoring has changed his life
Read this and past editions at: https://lnkd.in/gwg2NC58 - Don't forget to subscribe - it's FREE!
Jennifer Daniel Hunter Sexton, JD, MHA Rachel McCarter Mark Rosenthal Seif Saghri Jack D. Holder Michael A. Stachowiak Tim Schnoor Trevor Garbers, M.S., REBC® Heather Garbers
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#BenefitsTech #DigitalTransformation #InnovationInBenefits #BenefitsTechnology #futureofwork #IndustryTrends #BenefitsTrends #EmployeeWellbeing #EconomicImpact #PolicyAdministration
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