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INSURANCE, COVERED
For your business and your policyholders, it’s time to plan a bold new future
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What’s your policy for the future?
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Digitization is key to faster growth
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Sustainability is an urgent priority
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Customers want a next-gen experience
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Robust risk systems will help businesses run better
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Advanced automation will transform insurance
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The digital world will bring policy holders closer
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Market risks needs expert hedging
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Insurance will never be the same again
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WHAT’S YOUR POLICY FOR THE FUTURE?
When change keeps coming, insurers need a plan. You can’t protect your policyholders without safeguarding and strengthening your own business. Knowledge is power, so make sure you're up to speed. Read on to understand what trends you face and how to plan for a bolder future today. No more issues with fragmented data. Smart forecasting logic that helps you quickly and easily evaluate scenarios, analyze their impact and carry out variance analysis. And ultimately, more timely reporting and more confident decisions about cash. Welcome to modern cash forecasting.
Capgemini – World Insurance Report 2021
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of insurance companies plan to make digital enhancements
Evolve your infrastructure: Increase your operational resilience, drive scalability and lower TCO and risk.
bold action
FIS can help
FIS has embraced the cloud: Our cloud-native platforms deliver scalable, data-driven solutions to deepen customer relationships, achieve faster time to market, and manage cost and risk effectively.
Bold action
When change keeps coming, insurers need a plan. You can’t protect your policyholders without safeguarding and strengthening your own business. Knowledge is power, so make sure you're up to speed. Read on to understand what trends you face and how to plan for a bolder future today.
Digitize your operations: Improve operational efficiency and speed up service to support growth.
Growth isn’t optional for the successful insurance business – and speed is of the essence if you want to onboard and retain more policyholders and keep meeting their needs. Powered by digital technology, touchless claims processing helps insurers pick up the pace, while wearables and telematics assess risk on the go.
FIS® has embraced digitization: Our digital solutions accelerate insurance processes, for faster and easier customer onboarding, risk assessment and claims processing.
"Digitally transformed operating models will support long term growth and success." – Jason Baldesare, VP, Enterprise Strategy, Capital Markets, FIS
three Reasons Why Digital Operating Models Are the Future
Forrester – Predictions 2022: Insurance
of insurers go digital to achieve differentiation
With ESG issues now top of mind and inspiring new regulations, forward-thinking insurers are accelerating toward increasingly sustainable practices. Climate change is already exposing more firms to transition physical and liability risks. So, it’s critical to build robust climate risk frameworks and reduce your carbon footprint with more digital processes, electronic payments and much less paper.
Set new standards: Drive ESG principles deeper into your business strategies, processes and decisions.
FIS is on top of ESG: Our sophisticated risk systems make it easier to quantify, manage and disclose ESG risks and decarbonize your portfolios, while increased automation lowers your carbon emissions.
Ulf Füllgraf, Managing Director, Alpha Centauri Investment Management
Broad ESG and climate change considerations have no economic investment value of their own. Given individual values, principles and beliefs on one side, and economic materiality on the other, ESG information should be seen as an added component to investment decisions, not as a sole driver.
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FIS Insurance Risk expert Martin Sarjeant explains why climate change is such a pressing ESG issue for most insurance companies.
How will climate risks impact insurers?
Today’s policyholders have greater expectations and more sophisticated needs than in the past. They want personalized, tailored offers and the ability to pay with any digital device or payment channel. And when it comes to making a claim, why can’t payouts be instant, at the moment of need?
Empower your policyholders: Take the customer experience to the next level by offering greater choice and flexibility, improving understanding and making faster payouts.
FIS Readiness Report 2021
of insurers invest in payments technology to improve the customer experience
FIS keeps customers happy: Our digital payment solutions streamline customer-facing processes, handle a full range of payment types and help provide a wealth of insight.
Turn data into intelligence: Make optimal use of all the digital data you gather on policyholders with AI-powered analytics.
Fully digital services don’t just improve efficiency; they engage policyholders, deepen your insights and drive loyalty. Now you can translate a wealth of digital data into long-term value by getting a single real-time view of each policyholder, analyzing their needs and personalizing their experience.
The digital world will bring policyholders closer
FIS puts insight at your fingertips: Our customer data solutions use AI to build a full picture of policyholder needs and drive loyalty and retention with personalized offers.
of customer interactions in insurance by 2025
AI could enable
Fragmented systems and manual processes overcomplicate operations, both driving up costs and slowing you down. With end-to-end digital solutions, you can seamlessly automate processes across the insurance life cycle – from product development, marketing, sales, pricing and underwriting to payment, collection and disbursement, policy administration, finance, claims management and investment management.
Banish friction from processes: Integrate and automate more of the insurance life cycle to reduce delays, duplication and manual error.
FIS is an automation expert: Our automation solutions optimize your processes to help improve efficiency, accuracy, agility and productivity.
Learn the secrets of managing high payment volumes for less cost from FIS Treasury expert Thomas Jerolitsch.
How can insurers optimize payments?
Robust risk management systems will help businesses run better
When you strengthen underwriting and risk management, you achieve compliance more easily, reduce your losses and gain greater business insight. You’ll also price more competitively, make better strategic decisions and sell more products, while improving capital, cash and liquidity management. Why leave insurance risk management to chance?
Move risk management to the cloud: Manage higher volumes of granular data and complex calculations more efficiently in a secure, scalable, easily accessible environment.
FIS is at home in the cloud: Our cloud-native technology and managed services help insurers reduce costs and improve transparency, auditability and compliance.
FIS Treasury expert Thomas Jerolitsch discusses what it takes to efficiently execute hedging strategies in volatile markets.
How should insurers best tackle market risk?
of insurers now rely more on the cloud for risk management
FIS HAS YOU COVERED
There’s no better time to build a bold new future for your company. But do you have the right insurance technology policy? Total digitization is the answer you’ve been looking for to find and keep more customers, enhance their experiences and increase your profits. You need to think big and choose an innovative, forward-thinking technology partner. By helping you improve your business, we’ll help improve your policyholders’ lives.
INSURANCE WILL NEVER BE THE SAME AGAIN
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About FIS
FIS is a leading provider of technology solutions for financial institutions and businesses of all sizes and across any industry globally. We enable the movement of commerce by unlocking the financial technology that powers the world’s economy. Our employees are dedicated to advancing the way the world pays, banks and invests through our trusted innovation, system performance and flexible architecture. We help our clients use technology in innovative ways to solve business-critical challenges and deliver superior experiences for their customers. Headquartered in Jacksonville, Florida, FIS is a member of the Fortune 500® and the Standard & Poor’s 500® Index.
