Technology

Latest Emerging Technologies Impacting Insurance

Technological advancement has caused ripples in various industries and the insurance sector is one of them. Insuretech is a revolution that cannot be ignored as it promises to change the operations of the insurance industry. So, do you know what insuretech is? Insuretech simply refers to the various technologies that have an impact

Latest Emerging Technologies Impacting Insurance2019-06-18T15:02:30-06:00

Penguin.Tech Cuts the Fat and Delivers the Information You Need

Penguin.Tech knows how to deliver a proven, smaller payload to improve the customer experience and compress valuable timeframes so insurance companies and agents can generate online quotes faster to secure new customers more quickly. The team at Penguin.Tech understands that time is money for their clients, the insurance carriers and their agents, so they’ve

Penguin.Tech Cuts the Fat and Delivers the Information You Need2019-06-10T14:45:15-06:00

The ACORD Model Unifies Language and Improves Efficiencies

Penguin.Tech leverages the vast benefits of implementing the ACORD model to create a unified language that can transform everyday Insurtech operations from reliable and steady to reliable, quick, and efficient. The business benefits quickly become obvious as costs are reduced, productivity is enhanced, and profits are increased. Penguin.Tech uses ACORD for a full stack

The ACORD Model Unifies Language and Improves Efficiencies2019-05-06T10:06:16-06:00

Penguin.Tech Approaches ACORD as an All-Or-None

Here at Penguin.Tech, we drive home an “all-or-none approach” when implementing ACORD specifications. We know our clients benefit the most from our services when we implement ACORD specifications throughout the organization in a unified fashion. It is a value-add to insurance companies and ensures an unsurpassed stabilization to the infrastructure. ACORD can be

Penguin.Tech Approaches ACORD as an All-Or-None2019-04-19T09:34:59-06:00

Digital Drivers for Property and Casualty Insurers

Digital acceleration, enhancement, and distribution plans are a must technical initiative for today’s property and casualty insurers. 2019 projections are estimating that about four out of five property and casualty (P&C) insurers either have, or are planning to set up, wholly digital sales processes in which humans are involved only when customers need

Digital Drivers for Property and Casualty Insurers2019-03-25T09:14:27-06:00

Insurance Execs Concerned About the Impact of InsurTech Implementation

A new report issued by Accenture indicates that the intersection of insurance and technology has increasingly been on the radar for executives across the United States. How InsurTech has, and will be implemented, and what lasting impacts it will have on the insurance industry is a major concern among these executives. In fact, according

Insurance Execs Concerned About the Impact of InsurTech Implementation2019-03-13T07:17:56-06:00

The ACORD Model Reinforces Consistency in APIs

A lot of vendors and carriers do use the ACORD data model, but loosely. ACORD specifications do allow for flexibility and customization, which can create interpretive methods and result in a half-baked implementation of an ineffective data model. Penguin.Tech strives against this practice to strictly follow the ACORD standards to avoid unnecessary and

The ACORD Model Reinforces Consistency in APIs2019-11-22T10:24:54-06:00

Monolithic Upgrade Possibilities with Microservices

Many insurance software applications, such as property and casualty (P&C) insurance applications, are built as monolithic applications, and this has led to several performance challenges in the past. A prominent risk with monolithic applications is that a failure in one part of the application usually impacts the entire software application. Also, the different

Monolithic Upgrade Possibilities with Microservices2019-01-21T09:55:34-06:00

Dive into Microservices Insurance Technology Insights

It goes without saying that technology has influenced almost all industries in the world, and insurance has not been left out. In fact, technology has greatly transformed insurance and led to what is now known as InsurTech. This refers to the use and application of technology in various insurance operations to improve efficiency.

Dive into Microservices Insurance Technology Insights2019-01-21T09:56:27-06:00

Machine Learning and AI Boost Hot Trends in the Insurance Industry

Two words that are on the minds of every executive and worker in various industries are machine learning and artificial intelligence. Everyone is wondering how these technologies will revolutionize their industry. In truth, artificial intelligence (AI) and machine learning have already transformed a lot of industries. One such industry under transformation is

Machine Learning and AI Boost Hot Trends in the Insurance Industry2019-01-21T09:58:27-06:00