Samplemed is pleased to announce its nomination as a finalist in the SEAL Awards during the 10th edition of the Insurance World Challenges, a renowned event in Europe aimed at recognizing highlights in the insurance market worldwide. Competing with the innovative s.360, they are proud to be internationally recognized for its contribution to the insurance market. Samplemed, which has been providing integrated solutions for over 35 years, making risk analysis and subscription smarter in Brazil and around the world, has been selected as a finalist in two prominent categories, including the Specia ..read more

“The strategic outcome of PAS modernization should be to achieve a transformation‒in order to become digital, flexible and faster to market. But that transformation just hasn’t happened until the lights are turned off on your legacy systems for good. And that means migrating your legacy data off those old platforms.”   What are the Benefits of PAS modernization?   Celent’s “Using Artificial Intelligence to De-risk Life Insurance Conversions – A ‘Conversion Service Provider’ View” report highlighted that the drivers for Policy Administration System modernization have been evolving. In ..read more

The Convergence of Technology and Medical Underwriting for Life and Health Insurance   With the necessary medical knowledge and 35 years of experience in the market, Samplemed has written its own Underwriting Manual aiming for a more dynamic, clear, and user-friendly solution focused on the underwriter. A dynamic solution for a complex problem.   In the context of insurance medical analysis — especially Life and Health insurance — various sources of data and information are interconnected in a complex network. As technology seeks to streamline processes, its goal is not to repla ..read more

By Emtech Group Inc Today’s business world is fiercely competitive, and every company wants a piece of the pie. This holds true for the insurance industry as well. Rapid product rollout has become a necessity rather than an aspiration for life and annuity Insurers to remain competitive in the insurance business. However, rapid product rollout depends heavily on technology to reduce product development and testing times. In this blog post, we will explore the importance of increasing speed to market in the insurance industry, the roadblocks to increasing speed to market, and how Emtech QMT enab ..read more

  Today, there is certainly much hype and hope for successful deployments of distributed ledger, or blockchain, technology especially in the cryptocurrency world. There also seems to be a general perception that there is not a clear, or even an existing legal framework for blockchain transactions, be they commercial or consumer in nature. While there are certainly specific laws that can apply to particular types of blockchain-based transactions, such as federal and state securities laws in the case of cryptocurrency initial coin offerings, many blockchainers may not realize that there is ..read more

Q1-2024 shows growth for ages 31-50 and 71+ U.S. life insurance application activity ended Q1-2024 flat at +0.3% Year-to-Date (YTD), with activity in March down -6.6% Year-over-Year (YOY) compared to March 2023 following 5 months of growth or flat activity. The YOY decline may have been driven, in part, by fewer business days in March of 2024 (21 business days) vs March of 2023 (23 business days). When comparing average inquiries per business day, March 2024 saw YOY growth over 2023. When comparing activity through Q1-2024 YTD to prior years, activity was up +5.2% compared to 2022 and was fl ..read more

As technology evolves, so do the risks associated with cyber threats in the insurance industry. With the increasing digitization of processes and the growing volume of sensitive data, cybersecurity, and compliance have become paramount concerns for brokerage insurance firms and independent producers alike. It is imperative for industry professionals to prioritize cybersecurity measures to protect their clients, their businesses, and their reputation. These statistics and examples provide evidence of the importance of cybersecurity and compliance in the broker insurance industry, emphasizing th ..read more

In today’s rapidly evolving digital landscape, industries continually seek innovative ways to streamline processes, enhance customer experiences, and stay ahead of the curve. The insurance sector, in particular, has witnessed a significant shift towards digital transformation to adapt to changing consumer expectations and market dynamics. At the heart of this transformation lies the Life Insurance Technology Platform – a comprehensive digital solution designed to revolutionize traditional insurance processes. Components Core Systems Integration At the heart of this Technology Platform lies the ..read more

In the ever-evolving landscape of the insurance industry, efficiency is paramount for brokers to stay competitive and provide exceptional service to their clients. One tool that has revolutionized the way insurance brokers operate is Life Insurance Quoting Software. This innovative technology streamlines processes, enhances productivity and improves outcomes for brokers and their clients. Key Features and Functionalities Real-time Access to Policy Information: Brokers can access up-to-date policy details and premiums from multiple insurance carriers. Customization Options: Allows brokers to t ..read more

In recent years, the insurance industry has undergone a significant transformation, largely driven by the emergence and rapid growth of Insurtech Companies. These innovative startups leverage cutting-edge technologies to revolutionize various aspects of the insurance value chain. From customer engagement to underwriting and claims processing, Insurtech firms are reshaping traditional insurance practices. This blog delves into the disruptive impact of these types of companies on the traditional insurance market and explores the key innovations driving this change. Evolution of Insurtech Compani ..read more