Tag: Data management

There's been a noteworthy shift within the insurance sector. The catalyst for this shift? The ever-growing importance and sheer volume of data.

In a 2019 conference panel discussion, the CEO of distriBind made an insightful statement about data management in insurance: "In a bordereaux world, you have to touch 100% of the data." This motto continues to drive the company's mission of removing friction and manual labour in delegated authority within the insurance sector.

The significance of data visibility in the insurance sector is often underestimated. For companies hoping to maintain a competitive edge, robust data monitoring and management are critical, especially given the sheer volume of data they handle. Recognising this challenge, distriBind offers an innovative visibility solution that is setting new standards in the industry.

In the late 17th century, Edward Lloyd set up his famous coffee house in London's Tower Street, laying the groundwork for modern insurance. Fast forward almost 350 years and insurance, now a $6tn industry, has evolved drastically. However, specialty insurers today grapple with unprecedented challenges. This article will delve into these emerging issues and technological advancements driving industry transformation.

QOMPLX, an intelligent decision platform, has closed its Series A round on $78.6m.