The insurance industry is at the forefront of digital transformation, with claims management taking center stage. As customer expectations soar and regulatory landscapes evolve, claims departments must adopt cutting-edge technology to stay competitive. Bima ERP, a customizable solution for insurance firms, is redefining how claims are managed, ensuring efficiency, compliance, […]
As the insurance industry in Africa grows, businesses face a number of difficulties that affect growth, productivity, and trust among customers. By offering its cutting-edge Bima ERP system to address these critical issues, ICON Limited has established itself as a trustworthy partner for African insurers. The primary problems affecting the […]
As the African insurance market continues to evolve, a number of emerging trends are set to reshape the landscape in 2024 and 2025. These changes, driven by digital transformation, regulatory updates, and consumer demand, present new opportunities for insurers to enhance their services, improve customer experience, and increase market penetration. […]
Leveraging localized ERP (Enterprise Resource Planning) solutions can provide a significant competitive edge.
Treaty reinsurance is insurance purchased by an insurance company from another insurer. The company that issues the insurance is called the cedent, who passes on all the risks of a specific class of policies to the purchasing company, which is the reinsurer. Treaty reinsurance is one of the three main types of reinsurance contracts. […]
The choice between cloud and edge computing is like day and night
With the financial world changing so quickly these days, the underwriter’s function has changed significantly. Underwriters employ data analytics and modern technology to make better decisions and informed choices instead of being limited to manual procedures and outdated techniques. This development has led to the emergence of the notion of […]
Organizations in a variety of industries are increasingly using enterprise resource planning (ERP) systems to improve decision-making, improve efficiency, and streamline operations in the rapidly shifting business landscape of today. The General Ledger module is an important component of an enterprise resource planning (ERP) system, acting as a basis for […]
Cyber security is the practice of protecting computer systems, networks, and data from digital attacks, theft, and damage. Insurance companies hold a wealth of valuable information, including social security numbers, health information, and financial data, making them prime targets for cyber criminals. As insurance firms handle a vast amount of […]
The insurance industry is competitive; Insurance companies must find ways to optimize their operations, increase efficiency, and provide excellent customer service. One way to achieve these goals is through custom software development. In this blog post, we will explore the benefits of custom software development for insurance companies. To conclude, […]
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