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With frequent natural disasters, uncertain economic expansion, increased competition, technology advancements, and customer expectations, the Caribbean region presents complex challenges in the insurance market. The recurrent natural calamities have made economic insecurities a major concern across the region. Though natural disasters can’t be controlled, a little preparedness can lessen the impact of disasters by structuring […]
Insurance
Technology Leap to Drive your Insurance Business
Recent advances in technology, demography, financial reporting developments, regulatory changes and consumer needs and expectations are re-shaping insurance industry. Digital technology, enhanced data capture and analytics are changing the design, pricing and distribution of insurance products, along with policy and claims management. These changes are putting a severe strain on traditional business models and even […]
Supporting Caribbean Insurers in the Wake of Hurricane Irma
The last few weeks have been extremely hard for the entire Caribbean region given the devastation caused by Hurricane Irma. Post the Annual Caribbean Insurance Conference in June, Damco has been reaching out to Caribbean Insurers with Technology offering. In the wake of what has happened in the region, Damco is extending back office operations […]
Top P&C Insurance Challenges
The changing customer behavior, digital disruption, regulatory pressures, and competitive marketplace are forcing Property and Casualty (P&C) insurers to refine their current strategy and operating models. The P&C insurers are facing various growth-related internal and external challenges that are keeping their executives on toes. From low-interest rates, soft pricing conditions to technology advancements, the expectations […]
