Navigating the complex and ever-changing regulatory landscape of the insurance field in the U.S. can be daunting. Thus, the need for insurance technology that seamlessly adapts to evolving requirements is crucial, yet it is hard to find such versatile and adaptable insurance technology these days, as insurance technology providers are often fixated on their legacy tech.
The U.S. insurance industry, with its staggering US$2 trillion annual market and insurance premiums contributing over 12% to the nation’s GDP, represents a significant opportunity for innovation and growth. Furthermore, reports indicate that 25% of the insurance industry will be automated by 2025, while Robotic Process Automation (RPA) can also significantly reduce data processing time by 34%, making the demand for cutting-edge insurance technology solutions more pressing than ever. This upgradation will offer U.S. insurers unparalleled efficiency and the ability to stay ahead in a rapidly evolving insurance market.
In such a high-demand environment, it is prudent for iNube, the leading insurance technology provider dominating the Indian insurance sector with its cutting-edge insurance technology services, to enter the American insurance market now. This move represents a revolutionary step in the world’s largest insurance industry.
Our cutting-edge insurance technology that fits any insurer’s system will significantly streamline American insurers’ operations, enabling them to seamlessly adapt to regulations while ensuring continuous compliance. Leveraging our expertise, the U.S. insurance firms can achieve heightened efficiency, mitigate risks, and maintain a competitive edge among other benefits they are striving for.
That said, implementing innovative insurance technology in the insurance sector often poses challenges, regardless of location. That’s where our widely accepted Modular solutions come in: easily adaptable, self-serviceable, and significantly a new-age team, our insurance technology was specifically designed to address the modern-day challenges in the industry.
Whether an organization seeks to integrate a whole policy administration system or run it concurrently with their existing legacy systems, or fit into a small part of their organization, our modular products from a trusted insurance technology provider will deliver the results you have been striving for.
With our American entity, iNube Global Services, established in Texas, American insurance firms can now access the most advanced tools from India’s leading insurance technology provider. These tools enable them to solve end-to-end policy lifecycle management issues and maintain a competitive edge in the insurance sphere.
