The rapid rate of technological development offers opportunities and hurdles for those working in the captive insurance industry. The rate of evolution shows no sign of slowing down so those with astute tech awareness will best placed to respond and benefit.
Innovative new platforms offer cost- and time-efficient options to seamlessly navigate market processes. These can complement the day-to-day management of a captive, help track and analyse claims or aid compliance with multiple tax and regulatory jurisdictions.
Technology is also leading to a transformation in policy and HR strategies with many employee attitudes towards values, pension funds and life insurance changing dramatically.
Ultimately, the jump from traditional operating techniques to modern, IT-friendly methods must be taken swiftly as an over-reliance on people, providers, agents or administrators could prove fatal in an ever-evolving world.
The contributors to the Captive Review Technology Focus provide an essential insight into the latest technological developments, as well as revealing how to use the power of technology to your captive’s advantage.
Click here to view the Captive Review Technology Focus 2017