Medical Professional Liability (MPL) is an information juggernaut. The volume, myriad sources, and constant change of data make it uniquely challenging to model, price, and handle large schedule policies and process complex claims - not to mention the amount of paperwork involved.
Representatives from Duck Creek Technologies, Hyland, and leading MPL insurer Coverys sat down to chat about those complexities and propose a course of action for insurers during the recent webinar Taming Complexity and Boosting Speed for Medical Professional Liability Insurers.
Experts presented an oral case study on implementing dynamic software solutions with the power to underpin the operations of today’s most complex and challenging data environments. Panel members included:
• Eric Crockett, VP of IT at Coverys
• Lyn-Ellen Maass, director, business architecture for Duck Creek Technologies
• Charlie Hanna, director, Hyland Insurance Solutions
“Gone are the days when carriers go out and buy a piece of technology to deploy over the course of five or 10 years,” Hanna said. Today, carriers need to leverage technology to get solutions into the marketplace quickly to respond to a rapidly changing industry and customer need.
Panel members weighed in on three big questions facing the insurance industry today:
• The greatest threat to incumbent carriers
• The top initiatives carriers should prioritize
• After core system modernization, what transforms next?
Find out how the panel answers. Check out Taming Complexity and Boosting Speed for Medical Professional Liability Insurers now.