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Driving Down Costs with AI in Insurance in 2024: Infographic

  • Last Updated: November 4, 2024

Insuresoft Edge Stay ahead of the curve with our monthly newsletter, packed with expert insights, the latest insurtech trends, and best practices to keep you competitive. Get exclusive updates on Insuresoft innovations—delivered straight to your inbox.

Insurers are facing rising claim costs, yet with the right tech, there’s a path to profitability. Discover how AI and automation are driving down expenses in claims management and underwriting with Insuresoft’s Diamond Platform.

P&C insurers saw $21.2B in underwriting losses in 2023, but by leveraging AI, over 50% of insurers are already achieving 10-20% cost savings. Is your company ready to improve efficiency and gain a competitive edge?

Learn how to sharpen your edge with Insuresoft and Diamond Platform.

Check out our latest infographic and Contact us to set up a demo today.

Driving Down Costs with AI in Insurance

 

Fact: Most new Insuresoft customers come from referrals

Insuresoft not only understood our business but was able to help us achieve our business goals through their fully integrated platform.
Michael BinnsPresident of Hallmark’s Personal Lines Operation
Given the speed with which Insuresoft implemented the system and made production possible, they have proven their commitment to be our business partner, not just a vendor.
Marc BooneSr. IT Director at Aon
What sold us on Insuresoft was the quality of their employees and their genuine concern for what was best for our organization.
R. Christopher HainesCEO, Marias Technology
Our company has deployed our new and innovative product on the Insuresoft platform in multiple states over the past 12 months. We have been extremely impressed by their ability to execute well and be flexible to changing requirements driven by market dynamics. The entire Insuresoft team has a breadth of industry experience that contributes to high quality implementations.
James PooleyPresident Bluefire Insurance
Insuresoft has been an integral part of our strategy to respond to the ever-changing Florida insurance market. Our strategic partnership is the key to continuing to provide best-in-class services to our agents and policyholders.
Logan RobertsHomeowners Carrier in the State of Florida
Our team looked at every major vendor in the space as our key technology partner for our new product and platform. We selected Insuresoft in 2021 because they have historically proven to be an excellent business partner and their platform and support is superior to their competitors.
James PooleyPresident Bluefire Insurance
As our most trusted technology partner, Insuresoft has delivered a state-of-the-art comprehensive insurance solution that has exceeded our expectations. Above all else, Insuresoft’s team has demonstrated a commitment to our success which is unrivaled by other business partners.
Scott Walker, CPCU, AIMSr. Vice President, Mendota Insurance
Hallmark Financial Services has been an Insuresoft client since 2015, originally implementing non-standard personal lines Auto and Renters lines of businesses. We initiated a new project with them to implement our Aviation products, which includes 2 lines of business, Aircraft and Airport GL. I cannot say enough about the dedication of the entire Insuresoft team during this implementation.
Debra FontenotVP of IT, Hallmark Financial Services
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