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COMMERCIAL INSURANCE INDUSTRY CLOUDED BY MANUAL METHODS

Highwing surveyed 225 chief financial officers (CFOs) in various industries and found that risk management and insurance processes are lagging in innovation and adopting technology point solutions — software and tools designed for specific business functions — and are still largely mired in manual processes. The report uncovers cumbersome commercial insurance renewal processes, pervasive manual management methods, as well as a growing sentiment that increased use of technology solutions could improve business risk operations and reduce process time and therefore operating costs. Simply put - CFOs are feeling the pain of the insurance industry being last in line for technical innovation. Download a free copy of the report.