Digital Insurance Policy Administration Report
Policy Administration Report - with Duck Creek's Jeff Wargin
Imperatives for how to build for speed
In this white paper, you will learn:
- The traditional step-wise process - where data informs actuarial models, which then define specifications, that are built and distributed across channels, that are finally maintained by claims/billing systems - is no longer adequate.
Carriers need to be able to test products in a controlled environment so they can track results, make refinements, and perform “what-if” analyses before launching them.
- Carriers must have a strong framework to build from, where core products share common definitions across the business. This way, if there is a change to a product or a rate, it can be made quickly and updated across all instances and iterations of the product.