Insurance Metrics Vendor Management 
CIO
FEBRUARY 8, 2024
And how well an IT leader deals with and orchestrates vendor relationships can mean the difference between a well-organized and efficient IT operation and a mess that costs an organization millions of dollars without delivering positive results. Here are several key tips for making the most of vendor relationships.
CIO
JANUARY 7, 2025
It prevents vendor lock-in, gives a lever for strong negotiation, enables business flexibility in strategy execution owing to complicated architecture or regional limitations in terms of security and legal compliance if and when they rise and promotes portability from an application architecture perspective.
CIO
MARCH 26, 2024
After all, says Michael Corrigan, CIO of World Insurance, “It can be more challenging to work with, or manage a third-party that is providing higher-end skills like AI/data science if you don’t have the internal IT resources with the knowledge or expertise to hold that third-party accountable.” Double down on vendor management.
CIO
JANUARY 23, 2023
Hill’s cross-over experience in both technical and nontechnical roles, coupled with CIO stints in apparel and insurance companies , gave him a breadth of leadership prowess in supply chain and strategic planning. Any CIO gunning for a plus-role needs to be well versed in the metrics and models that move the needle on business outcomes. “If
CIO
MAY 29, 2024
You don’t need GPT-4 to do claims adjudication in an insurance setting,” says Koushik. It’s important for CIOs to have metrics on the CO2 emission for a given application,” says Sundberg. If you can’t find out what the carbon footprint is by yourself, try asking your software vendor.”
Modus Create
NOVEMBER 7, 2024
Many industries are subject to strict data privacy and security regulations, such as GDPR , the EU AI Act , or the Health Insurance Portability and Accountability Act (HIPAA) for the healthcare sector. Manage third-party risks AI systems often rely on third-party vendors and services, introducing additional security risks.
Newgen Software
JUNE 11, 2024
For instance, insurance companies need to evaluate whether to approve a patient’s medical claim. Understanding Case Management Case management is a software-based approach that combines human action with intelligent automation to optimize diverse business activities. How Does Case Management Software Help Case Managers?
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