Insurance IT Challenges

The Insurance industry is not insulated from the reality of spending mishaps.
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The Bottom Line in Insurance
The insurance industry is facing significant disruption, creating opportunities for many and challenges for all. As technology plays an ever-increasing role in the distribution of insurance products, companies need to become nimbler to gain competitive advantage. Because the insurance industry is inherently risk-averse, it adopts technology changes slower than other industries.

Here are a few of the challenges BLC will help you overcome:

  • Automation silos lead to waste
  • Legacy systems and outdated agreements
  • Significant investment in newer systems and advanced analytics
  • Compliance with ever-changing internal rules, industry standards and government regulations
  • Mergers and acquisitions

Where Do Savings Come From?

Optimizing Licenses40%
Consolidating Platforms25%
Vendor Negotiations20%
Overpayment Recovery15%
We at BLC are Technology Resultants specializing in the world of cost cutting and technology life cycle management. Our approach fits almost any challenge, and is derived from years of experience in a variety of industries.    BLC’s clients save between 10-40% of their recurring IT spend. We have extensive experience with your largest technology vendors with over $300 million in savings delivered.