SentryWest Insurance Services’ Post

AI is transforming how small businesses operate, from streamlining tasks to improving customer service. But with new tech comes new risks. At SentryWest Insurance, we help protect your business as you grow and embrace new technologies. Let’s talk about your coverage needs.

How are you navigating the new financial reporting standards IFRS 9 and IFRS 17 with your CMS?   🚀 #FinancialReporting | #HeadlessCMS | #DigitalTransformation    As the new financial regulations IFRS 9 and IFRS 17 redefine brand voices, financial and insurance sectors face significant changes in their public-facing content. These standards not only enhance the transparency of financial statements, but also demand new levels of clarity in how financial information is communicated to stakeholders.   Here's How IFRS 9 & IFRS 17 Impact Your Customer-Facing Content: Enhanced Detail and Transparency: With more detailed requirements for reporting financial instruments and insurance contracts, your company's content needs to communicate complex financial data in an understandable way. Updated Financial Metrics: Key performance indicators and financial metrics will change. Clear, accurate updates in real-time on your platforms are crucial to maintain stakeholder trust. Regulatory Compliance Communications: Detailed disclosures about compliance and changes in financial reporting need to be communicated efficiently and transparently.      How Can a Headless CMS Help? 🔹 Flexibility in Content Delivery: A headless CMS decouples content creation from presentation, enabling you to push updated content across multiple platforms — websites, apps, digital reports — seamlessly and consistently. 🔹 Real-Time Content Management: Update financial metrics and compliance information in real-time across all digital touchpoints to ensure consistency and accuracy. 🔹 Customization for Target Audiences: Easily customize how financial information is presented to different stakeholder groups, from investors to regulatory bodies, without backend complexities. 🔹 Scalability and Integration: Integrate with existing financial systems and scale as needed without disrupting user experiences or backend processes.   💡 Embracing a headless CMS can not only streamline your adaptation to these new standards, but also enhance your organization's ability to communicate effectively and transparently with all stakeholders.    🔗 Learn more about the transformative impact of headless CMS in financial reporting here: https://lnkd.in/eUGyjFuW     #FinanceTech | #Compliance | #ContentManagement 

Ascend modernizes the financial infrastructure for insurance — helping firms see an average 25% increase in profitability and 60% decrease in operational expenses. Last year, Shyam Sivakumar led a BI migration from Looker to Omni to: ⚡ improve performance with reports running >2x faster 👥 increase user adoption by 30% in < 6 weeks 🤝 establish a long-term partnership with a customer-first team

Attention #TitleInsurance professionals: Are you tired of wasting time and resources on outdated, inconsistent public records? Imagine the peace of mind that comes with having access to the most up-to-date, accurate, and consistent #PublicSearchRecords at your fingertips. That's exactly what we provide. Our cutting-edge platform is designed specifically for title industry pros like you. We understand the challenges you face daily, and we've created a solution that addresses your needs head-on. By relying on us, you'll: - Save countless hours of research - Minimize errors and potential liability - Streamline your workflow -Boost your productivity and profitability Ready to revolutionize your approach to public records? Learn more:

The relevancy of this article applies even today as we head towards the mid-point of the third quarter! Companies across all sectors must evaluate their end-to-end operation to realize cost savings on a consistent basis. A blind eye leads to oversight and misses in opportunities that impact the bottom line, ultimately hindering business growth. Of the 18 Cost-Cutting Business Strategies referenced by the Forbes Council, these six land the target with Vertus: 1.  Find Opportunities To Increase Efficiency a.    Assessing internal capabilities for operational enhancements. 2. Focus More On Growth a.   Leveraging data-driven decisions to achieve strategic goals and boost EBITDA. 3.  Conduct A Comprehensive Audit a.    Auditing uncovers errors across your internal and external eco-system.  4. Evaluate Expenses Carefully a.    Commit to investing into an external review of you cost centers accounting for all spend categories. 5. Apply AI To Streamline Processes a.    Start the journey; A.I. compliments your tech stack and adds leverage to your existing workforce!  6. Remove Small Expenses That Provide No Value a.    Consider cost associated to memberships, subscriptions to determine if they can be closed or renegotiated based on utilization. For a deeper dive, review the link below. https://lnkd.in/gvVd_T_Q

My friend Cynthia has a very good point. Where is your data housed? Can you get to it? Save it? Move it? Report on it? These are questions you should ask your TPS vendor and pay attention to those answers. Your data belongs to you and only you (or it should), and you have to retain access to it for at least 7 years, per regulations, longer if you want a good history of priors. How easy or hard is it for your data - your files to go where you go?

– Why Uploading Excel to Swallow is a Game-Changer for Insurers – For many insurance companies, pricing models start in Excel. Whether it’s defining underwriting rules, building rate tables, or running scenario analyses, Excel remains the go-to tool for actuaries and underwriters. However, turning these models into production-ready systems can be tedious and time-consuming. Swallow makes this process seamless by allowing users to upload their Excel-based models directly into our platform, transforming them into live, testable, and deployable pricing tools with minimal effort. This feature bridges the gap between pricing and production. No more manual re-coding or relying on engineering teams to interpret Excel logic. Instead, pricing teams can quickly validate their models, ensuring they work as intended, and deploy them to an API or embeddable form in just a few clicks. It’s a faster, more efficient way to turn your expertise into action, giving insurers more agility to respond to market changes and freeing up engineering resources for other priorities. Try it out for free on our website swallow (dot) app!

Excel is the backbone of insurance pricing, but turning those spreadsheets into live tools is slow and resource-heavy. Swallow makes it easy by transforming your Excel models into testable, deployable systems in just a few clicks. Say goodbye to manual re-coding and engineering bottlenecks. Validate and deploy your pricing models faster while staying agile in a changing market. Try it free at swallow (dot) app!

💡 Big changes in record time! What took 2 years is now done in just 2 months! Learn how E-Risk Services, LLC, a specialty lines underwriting subsidiary of Nationwide Insurance Company made it happen. And guess what? They’re just getting warmed up! 📖 Check out the case study: https://lnkd.in/gT3-_4eq