Developing strategic partnerships at ITC 2015
Last week we attended the Insurance Technology Congress (ITC) 2015 which is one of the most important annual gatherings for insurance technology experts. The day started with a keynote address from Andrew Kendrick, the president of ACE European Group, who spoke about London's changing business case for process improvement. One area that he focused on was the importance of technology at the present time and looking ahead to the future. https://twitter.com/zandramoore/status/646237172190838784 The event was a great opportunity for us to meet and connect with other technology companies who are operating in the insurance industry and find out how they are helping businesses improve internal processes and drive efficiency. We met with a number of really interesting people and are now in the process of developing some key strategic partnerships in the sector. Being able to speak about our relationship with MSIG and demonstrate on our stand how they are leveraging the Panintelligence dashboard to improve reporting was very helpful to our discussions.
Richard Williams, CIO at MSIG, took part in a CIO leadership roundtable during the first day of the event. He briefly spoke about the main challenges he faced given the volume of data they process every day and how technology has improved their ability to make decisions and manage information in the business. A Dragon's Den style forum on the second day was an excellent way for people to present new ideas to the Congress. Key themes throughout this panel and the whole event were data consolidation and data visibility. https://twitter.com/zandramoore/status/646680094753353728 A significant milestone was reached with the agreement of a Target Operating Model (TOM) for the insurance sector. This model will simplify processes, improve data quality and richness, reduce cycle times through simplification and automation. This consolidation of processes is making the whole insurance market look at how they can implement technology to drive efficiencies and improve performance. It is a very exciting time for technology companies in this market and we look forward to helping businesses support TOM.