Trust forms the bond between an insurance company and a policy holder. If a policy holder cannot rely on an insurance provider, broker or point of service, the bond will be severed and the policy holder will look for a more trusted provider or service.
Insurance companies have zero room for error in the eyes of their policy holders, and must fulfil all agreed obligations and pay out claims fairly and consistency – no ifs, ands, or buts.
And to build trust requires insurance companies to adhere to strict compliance regulations. Regulations which offer protection for policy holders and promote a sustainable, long-term insurance industry that defines success and reputation through sound risk management practices and market integrity.
But regulatory bodies within the insurance industry today are more stringent than ever in enforcing compliance and imposing penalties for violations in the forms of fines, legal actions and sanctions. So, it stands to reason that compliance efforts should be treated as vital to success and business continuity, and rightly assigned the highest priority within insurance companies.
Axon – Building Trust Through Compliance
This whitepaper will discuss the key challenges faced when dealing with adherence to compliance, and how Keylane partners with insurers to support their full regulatory compliance and safeguard their ongoing success as leading providers within the insurance industry.
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Arjan Vis, Delivery Manager Migration at Keylane
“We carefully define the data sets. In other words, what are we going to migrate? Which policies, claims and partys we want to include? For instance, are we going to include
all policy versions or just migrate the current ones? Since you can always link back and recover all the policy versions, where needed…”
Watch the full interview with Arjan Vis here:
Bernie van Welt, VP DevOps at Keylane
“Insurance companies are looking for outsourcing of their internal systems because their current legacy systems are not able to keep up with the demands of the business. The time to market is taking too long, the flexibility of the current system is not good enough to interface with all the external systems that they need to work with.”
Watch the full interview with Bernie van Welt here:
We are proud of our successful cooperation with Unigarant and, to mark the occasion, filmed a customer success story in Hoogeveen. Find out how Marin Roos and Regina Bos from Unigarant talk about the cooperation.