In the world of Property & Casualty insurance, risks are not just the things you underwrite. They’re also the gambles you take if you’re not using a flexible core-processing system. As risk profiles become more volatile, complex, and unpredictable, so does your potential for exposure. There are a number of reasons why things like modular […]
Given what we do (develop Aspire for core Property & Casualty insurance processing), we tend to focus on policies, rather than claims. More important, we don’t always consider the ways in which outdated legacy systems can yield claim denials and disputes by introducing the inefficiencies, the errors, the data inaccuracies, and the poor integrations that […]
In our last post, we shared a comment from a trade publication about the possibility of an AI bubble comparable to the dot-com bubble of the early 2000s. Because it intrigued us and didn’t coincide with our gut reaction, we decided to find out what others thought. Here’s what we found. According to The Next […]
In the first post in this series, we made this point about technology investments: Investments that ignore the human factor may indicate one or both of two things — SOS (shiny object syndrome) or DCC (dogs chasing cars) … success is the result of three factors, in this order: People Process. Product. In the second […]
It’s accepted as common knowledge that the insurance industry is conservative or cautious in adopting new technologies, often lagging behind other industries like tech, retail, or even some areas of banking and finance. There’s some truth to that since the insurance industry relies on stability, regulatory compliance, risk management, and legacy system integration, which can […]
You don’t have to look far to read something about AI in the insurance industry. It’s being used to underwrite and price, to automate claims processing, to detect fraud, and more. But what if AI could help you determine if your core processing system is adequate? What if it could give you objective, data-driven insights […]
To lead people, walk beside them. As for the best leaders, the people do not notice their existence … When the best leader’s work is done, the people say, “We did it ourselves!” (Lao Tzu) We were privy to a conversation recently in which it was being argued that technological tools — including LLMs and […]
The December 2025 edition of Best’s Review contained an article entitled, “Stuck in Reverse: Commercial Auto Losses Keep Mounting”, that contended: The U.S. commercial auto insurance line continues to burden the overall property/casualty industry, accounting for more than $10 billion in net underwriting losses over the past two years … the sector has now generated […]
Property & Casualty insurers quite rightly pay attention to operational efficiency. But they may not pay attention to operational transparency or connect it to effective data management and operational efficiency. That constitutes lost opportunity because effective data management significantly enhances operational transparency and efficiency by giving insurers better access, accuracy, and utilization across processes. Here’s […]
In the first post in this series, we wrote about our notion that insurance is a business of universal requirements that are simple but subtle. As a test of that notion, we wanted to see if we could explain what a policy administration/core processing system should do as briefly but completely as possible. We did […]