The future of policy administration… from the experts #2

By Modern Insurance Magazine
3 June 2024
Future of policy administration - David Clamp

What does the future of Policy Administration look like?

We asked David Clamp, Founder of the Camelot Network, for his expert prediction.   

“A Policy Administration System (PAS) needs to enable high levels of business agility, offering speed-to-value for new business opportunities alongside the ability to say ‘yes’ to new opportunities. It should be a place where we can test and learn without a massive, upfront investment; an out of the box, cloud-based Platform-as-a-Service, with lightly configurable ‘accelerators’ and the flexibility to easily cater for emerging new business models.

Data on the customer or risk object should be in single view, providing great insights to drive actions that enable great business outcomes. Advanced analytics, AI, Gen-AI and Machine Learning will all be a given for the PAS providers of the future, and the race is on to see who will get there first!”

To find out more from the experts on the future of policy administration, download a copy of the Modern Insurance Magazine special Genasys edition

Recent posts