How Can AI-Native Platforms Transform Insurance Product Launch & Distribution - Digital Transformation Blogs - Bigdata, IoT, M2M, Mobility, Cloud
Why U.S. Carriers and Distributors Should Care Now: Moving from Product Configuration to Production at AI Speed
AI is changing the way insurers, distributors, and IMOs innovate, configure, test, and release their products. In an industry where there is constant change to the requirements for the products, the means of distributing the products, and what customers expect from these products, the ability to transition from designing the product to delivering the product is key. It is not necessarily the insurers, distributors, and IMOs with the best-designed products that succeed. Instead, success depends on being able to get innovative products to market quickly.
For decades, insurance product launches followed a predictable, often painful rhythm like months of manual configuration, siloed testing cycles, and workflow customization that required deep technical expertise and constant back-and-forth between business and IT teams.
In the process of getting to market, the business environment that necessitated development...
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