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"Digitalization of the insurance industry"

Insurance Data Integrated Platform

White Paper: MFX

Today's insurance industry companies face a time of tremendous change because of the shift in economic circumstances, changing customer expectations, and increased competition from new players in the market. To meet these challenges, the insurance industry is turning to digital transformation by adopting innovative business models similar to those increasingly seen in other industries.

Data has always been at the center of the insurance industry, and despite the changes that are to come, data will continue to be the focal point of the industry. Insurance carriers have to leverage data as an asset, enabling automated decision-making in critical business processes in order to thrive. MFX Services has developed the Insurance Data Integrated Platform with this broader approach in mind.

The IDIP is an Enterprise Information Management platform built specifically for the insurance industry. The platform has the ability to ingest data from any industry-standard core and auxiliary systems, leverage the data available regardless of whether it is of structured or unstructured format, and process it to create condensed information.

This whitepaper paper focuses on three MFX solutions – the Insurance Data Integrated  Platform, the Unified Interactive Interface, and the MFX Corporate Records Solution each of which are designed to help P&C specialty insurers remain competitive in the future industry landscape.

Download the guide now to discover:

  • Facilitating digital transformation in the insurance industry

  • What are the data-centric challenges typically faced by the insurance industry at large?

  • How Enterprise Information Management (EIM) solution address the needs of insurance carriers

  • Advantages of MFX’s Unified Interactive Interface to insurance carriers

 

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