Technical Debt plagues insurance companies of all shapes and sizes. It limits growth, introduces risk, and pulls financial resources away from the projects that matter. What can insurance leaders do to break the cycle of technical debt and realign business and IT?
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MS Amlin and Lockton brought on DRC as part of a larger strategic initiative to provide a comprehensive, intuitive broker portal with the goal of driving a high percentage of straight-through processing submissions. This new platform allowed the company to grow new, profitable business in the SME market within weeks, not months.
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Laborious manual processes to underwrite insurance solutions can cost companies valuable time and drown teams in paperwork. What challenges are insurance leaders currently facing with manual processes?
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