The review process of the European Regulation on insurance mediation (IMD II, Prips, Mifid) is deeply changing the juridical status of the insurance intermediary, increasing his duties and strengthening measures for the protection of consumer rights.
The virtual interaction is a distinctive element of the digitalization era, with a co-presence of different types of technologically advanced channels combined with more traditional ones.
The Internet of Things provides a wealth of new data, and an extraordinary set of opportunities and challenges.
The three European authorities – i.e. European Commission, European Parliament and European Council – have reached an agreement to approve the implementing measures of the Solvency II directive.
Advancement in various technologies is being developed faster today than ever. The impact of this technology on the insurance industry will be sooner and greater than most people currently realize.
Nowadays the integration of different distribution channels seems to be a strategic opportunity and a major challenge.
The digital revolution has led to a majior change in the market which has evolved into business and sale models, thus allowing an integration between traditional and innovative channels and promoting the differentiation among users during the information gathering and underwriting processes.
The integration of distribution channels is becoming a more and more strategic point in the insurance market, as RGI Group has specialized in the development and implementation of modular PAS solution (Policy Administration System) for the Insurers’ distribution channels and technological services.
The search for a greater efficiency in business processes supported by ITarea, the need to keep operating costs low and the opportunity to launch new modular products and tariff changes are steadily driving Insurers towards a modernization and evolution in their Policy Administration Systems .