Insurers are enhancing their operations all over the value chain with AI, and underwriting is just one example of an area where modern technology can have an outsized impact. Underwriting has long been a highly manual process, with large amounts of data to sift through and a significant administrative demand. In our latest blog, "Improving Customer Experience and Profitability With AI in Underwriting," find out how AI-enabled underwriting can benefit insurers, with use cases such as: - Leveraging aerial imagery and AI to reduce claims - Infusing AI into submission processing to drive growth - Deploying more sophisticated underwriting chatbots for a better user experience Learn more about how insurers are benefiting from these applications of AI in the full blog post here: https://hubs.ly/Q02H-Xv60 #Insurance #Innovation # AI #Underwriting
About us
ValueMomentum is an insurance-focused IT services and solutions firm. Its mission is to deliver value and drive momentum to our insurance clients’ technology-led initiatives. We do this by combining deep industry experience with strong technology expertise and by approaching every engagement in the spirit of a true partnership. ValueMomentum is headquartered in Piscataway, NJ with state-of-the-art delivery centers in Piscataway, NJ, Hyderabad, Pune, and Coimbatore
- Website
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https://www.valuemomentum.com/
External link for ValueMomentum
- Industry
- IT Services and IT Consulting
- Company size
- 1,001-5,000 employees
- Headquarters
- Piscataway, NJ
- Type
- Privately Held
- Founded
- 2000
- Specialties
- Digital Engagement Platform, Digital Engagement, Application Services, Quality Assurance & Testing, App Development, Cloud & Infrastructure Services , Data Platform Modernization, BI, Insights & Analytics, Core Implementation, Customer Communication Management, Quality Engineering, Digital Testing Services, Core Upgrade, ITSM Automation, Data Management, Core Systems Testing Service, Digital Testing Services, Core Application Management Services, Core Advisory, Enterprise Data Advisory, Integration Services, Core Platforms Testing Services, Digital Testing Services, Data Patronage, and Data Analytics
Locations
Employees at ValueMomentum
Updates
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Underwriting is crucial in insurance, and it's evolving fast thanks to technology! Our blog explores five key trends that are shaping the future of underwriting, making it faster, more accurate, and more efficient. Discover how these innovations are revolutionizing underwriting and driving the insurance industry forward. https://hubs.ly/Q02HN0Xn0 #Insurance #InsurTech #Innovation #FutureOfInsurance
5 Trends Shaping the Future of Underwriting in Insurance - ValueMomentum
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Discover how a usage-based insurer accelerated its geographic expansion with a repeatable rollout framework. By leveraging Duck Creek OnDemand, the insurer achieved: · Seamless geographic expansion · Enhanced operational efficiency · Accelerated time to market This case study reveals the strategic steps and technological advancements that made this success possible. Learn how you can harness the potential of Duck Creek OnDemand to drive growth and efficiency in your insurance operations. https://hubs.ly/Q02Hrv0w0 #InsuranceInnovation #UsageBasedInsurance #DuckCreek #InsurTech #OperationalEfficiency
Usage-Based Insurer Improves Geographic Expansion on Duck Creek OnDemand - ValueMomentum
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ValueMomentum is honored to be recognized as a Star Performer in the Major Contenders category in Everest Group's Guidewire Services Peak Matrix® Assessment 2024! The report profiles 28 top Guidewire service providers for property and casualty insurance. “Meaningful investments into frameworks and toolkits to support insurers on their cloud-readiness journey and testing automation, as well as strong recognition by clients on flexible solutioning and account management, have earned ValueMomentum recognition as a Major Contender and Star Performer in Everest Group’s Guidewire Services PEAK Matrix® Assessment 2024.” - Aaditya Jain, Vice President at Everest Group. Learn more about our achievement in Guidewire services and why ValueMomentum is the go-to partner for property and casualty insurers’ core transformation initiatives by reading the press release here: https://hubs.ly/Q02H6Ckm0 #EverestGroup #Insurance #DigitalServices #Guidewire Ronak Doshi
ValueMomentum Recognized as Major Contender, Star Performer in Everest Group’s Guidewire Services Peak Matrix® Assessment 2024 - Press Release - ValueMomentum
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The rewards of a modern data platform are well-established, ranging from the ability to generate data-driven insights to the capacity to deliver superior customer experiences. Read our revealing "Driving Insights with Critical Data Capabilities: A Use Case" blog post to discover how to modernize your own data platform to secure long-term success in an increasingly dynamic and competitive industry. You'll learn: • Why a modern data platform is necessary to take full advantage of data's potential • What critical data capabilities your platform must have—from data engineering to data exchanges • How a midwestern insurer successfully navigated their cloud migration journey and drove data success Read the blog here: https://hubs.ly/Q02GZg4x0 #Data #DataModernization #DataDriven #CloudMigration #Insurance #Digital #IT #Snowflake #CustomerExperience
Driving Insights with Critical Data Capabilities
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User experience plays a pivotal role in all parts of the insurance life cycle, but as insurance distribution continues to become more digitalized, experience plays an especially crucial part in driving business growth. Our latest blog delves into three transformative ways to modernize your approach to distribution and stay ahead of the curve. From leveraging advanced analytics to embracing digital ecosystems, discover how to meet evolving customer expectations and drive growth. https://hubs.ly/Q02GB9y-0 #DistributionStrategy #DigitalTransformation #InsuranceInnovation #ValueMomentum #CustomerExperience
3 Ways to Craft a Modern Insurance Distribution Strategy - ValueMomentum
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This week, after wrapping up our quarterly meeting, the ValueMomentum team headed out for some well-deserved fun and games at Top Golf! These gatherings are not just about having fun, but also about building a supportive and engaged team. The energy and enthusiasm displayed are a testament to the vibrant culture we foster here at ValueMomentum. #ValueMomentum #TeamBuilding #QuarterlyMeeting #TopGolf
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We're thrilled to once more be co-sponsoring the FIRE Accelerator with Erie Insurance Group. At ValueMomentum, we strongly believe that insurance is about building resilient societies. For us, that means working with clients and investing directly in our communities. Have an insurtech startup in Erie? Apply today to be part of 2024's FIRE Accelerator Cohort!
Apply now for the 2024 FIRE Accelerator Cohort focused on Insurance Technology presented by Erie Insurance Group and ValueMomentum! This is your chance to be at the forefront of the US insurance industry's emerging tech trends. We are looking for innovative solutions that: • Promote insurance value chain optimization—product, underwriting, billing, claims, distribution, etc. • Improve data analytics and insights • Increase operational efficiency—task automation, process digitization, etc. • Enhance the customer-agent-insurance provider relationship • Enable talent optimization Our alumni have secured over $500M in follow-on funding and grow revenues to over $60M annually. They've secured partnerships and investments with Fortune 500 companies, educational institutions, and top manufacturers. Many have also participated in prestigious programs like YCombinator, TechStars, Plug and Play, 500 Startups, and Mass Challenge. Don’t miss this incredible opportunity to elevate your startup to the next level. Apply now and be part of a transformative journey! More details and application links are in the comments! #insurance #insurtech #accelerator #startup #ErieInsurance #ValueMomentum #Erie #entrepreneurship
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We have so much to celebrate at ValueMomentum, from our amazing clients and partners to our skilled team. We are also grateful to work in an industry that constantly strives to deliver more to its customers, from better user experience to innovative products that meet their needs. From the ValueMomentum team to yours, we wish you a happy 4th of July with family and friends. #Insurance #July4th #IndependenceDay
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Data and analytics play a pivotal role in helping insurers streamline their processes, personalize their customer experiences, and make better business decisions. Our data and analytics teams recently attended both Databricks’ and Snowflake’s conferences to learn about innovations in the world of data and analytics and to find out what’s next for these top-of-the-line data platforms. Our latest blog post discusses the latest trends and innovations that are reshaping the data landscape in insurance. https://hubs.ly/Q02DT6jd0 #Insurance #DataAnalytics #Innovation #InsurTech #Snowflakesummit #DataAISummit
What’s New in Data and Analytics in Insurance? - ValueMomentum
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