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COVID Accelerates Digital Disruption and Innovative Business Models in the Insurance Sector


Anupam Govil, a partner and the head of insurance practice with
Avasant, congratulated the winners noting, The pandemic has exacerbated vulnerabilities in traditional insurance business models. Customers expect more personalized solutions that align with their lifestyle and budget. Carriers need to leverage behavioral economics and collaborative ecosystems to compete in the post-COVID economy. Some of the findings from the full report include the following: Property and casualty (P&C) insurance companies should: 1. Leverage behavioral economics, IoT, and telematics to develop personalized insurance plans and proactively mitigate risks.
Use behavior incentivization through telematics and real-time monitoring technologies to offer more flexible and usage-based insurance (UBI) products, especially for auto coverage. ....

Anupam Govil , Risk Management Solutions , Research Byte , Insurance Digital Services , Lead Analyst , அனுபம் கோவில் , ஆபத்து மேலாண்மை தீர்வுகள் , ஆராய்ச்சி பைட் , காப்பீடு டிஜிட்டல் சேவைகள் , வழி நடத்து ஆய்வாளர் ,

Redesigning Business Processes with Artificial Intelligence and Automation


Redesigning Business Processes with Artificial Intelligence and Automation
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The number of intelligent automation engagements has increased by 75% in the last 12 months, with industry-specific process automation accounting for 70% growth in the share of new automation implementations. Growth in AI-enabled hyperautomation has increased use cases for prediction, recommendation, analytics, and reporting. Other areas in order of enterprise priority were workflow integration and automation, intelligent data capture, iBPM, and process discovery. As automation tasks become more sophisticated, we would expect continued growth in this area. These emerging trends are covered in Avasant’s new Intelligent Automation Services 2020 RadarView™ report.
Intelligent Automation Services 2020 RadarView™ ....

Anupam Govil , Chandrika Dutt , Research Byte , Intelligent Automation Services , Tech Mahindra , Avasant Partner , Digital Practice , Principal Analyst Chandrika , Low Code Visualizer , Bot Copywriter , Empathy Trainer , அனுபம் கோவில் , சந்திரிகா தத் , ஆராய்ச்சி பைட் , புத்திசாலி ஆட்டோமேஷன் சேவைகள் , தொழில்நுட்பம் மஹிந்திரா , டிஜிட்டல் ப்ர்யாக்டீஸ் , ப்ரிந்ஸிபல் ஆய்வாளர் சந்திரிகா , குறைந்த குறியீடு காட்சிப்படுத்தல் , போட் நகல் எழுத்தாளர் , பச்சாத்தாபம் பயிற்சியாளர் ,

Service Providers Helping More Firms Cash In On Digital Finance Transformation


Service Providers Helping More Firms Cash In On Digital Finance Transformation
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COVID-19 has revealed that many enterprises need to shift from in-house finance and accounting (F&A) process management to outsourcing it to F&A service providers. Technology is less and less being treated in a siloed manner, and instead it has now become an integral part of operations. As a result, F&A service providers are leveraging their existing technological capabilities and addressing enterprises’ demands, minimizing the siloes between technology and process management. Additionally, enterprises are striving for coverage of related functions, such as supply chain management, procurement, and order management, leading to a surge in multi-tower deals. To cater to diverse and emerging business needs, service providers’ offerings are playing a pivotal role in the business process transformation space. These trends are covered in Avasant’s new F&A Business Process Transform ....

Sopra Steria , Srinivas Krishna , Research Byte , Avasant Research Leader Saurabh Verma , Business Process Transformation , Tech Mahindra , Partner Srinivas Krishna , Research Leader Saurabh , ஸ்ரீநிவாஸ் கிருஷ்ணா , ஆராய்ச்சி பைட் , வணிக ப்ரோஸெஸ் மாற்றம் , தொழில்நுட்பம் மஹிந்திரா , கூட்டாளர் ஸ்ரீநிவாஸ் கிருஷ்ணா , ஆராய்ச்சி தலைவர் ச Ura ரப் ,