TECHNOLOGY

The digital transformation of the life and annuities industry has shifted into high gear in the last two years . This transformation is being fueled by several driving factors . Insurance carriers and distributors are continuing to face increasing regulatory and compliance demands . There is more documentation , legal oversight , and rising compliance costs . Plus , agents and consumers are demanding a faster , more transparent sales process . The COVID-19 pandemic has escalated consumer and agent expectations even more .

Katherine Dease holds over 20 years of product development , product management , and business development experience within the financial services industry . As SVP , Strategic Advisor , Katherine is responsible for product strategy for Insurance Technologies solutions . Katherine is an enthusiastic marathon and triathlon athlete .

The legacy technologies in use were not developed to support the connectivity and customization we need today . These inflexible and disconnected solutions have become a burden for the industry . Customer , product , and business information is scattered across various solutions , creating disjointed sales processes . Carriers and distributors need technology that removes challenges from their processes . Yet , legacy technologies do the exact opposite . The desire is to create a more efficient , well-orchestrated experience for everyone . Thus , the insurtech revolution was born .

APIs empower build-once-use-anywhere

Application Programming Interfaces are mutual agreements between two systems to communicate and share data with one another .

32 Perspectives Q2 2022