Why The Insurance Industry Finds Managed IT Services So Valuable

In the highly competitive insurance industry, a reliable flow of accurate information is essential. Each day, your company must ensure that sensitive customer data stay secure, that team members are able to communicate effectively, and that your network performs at its best. A problem in any of these areas can be enough to push your in-house IT staff beyond its limits.

Many insurers are partnering with managed IT consultants to help them stay agile and responsive in this data-driven industry. Let’s look at a few ways in which a managed IT consultant can improve your bottom line.

Synchronization of Assets & Automation

Your employees are your most vital assets. In the modern workplace, however, collaborative team members don’t always share the same geographic space. That means they’ll need technology to bring them together, and to provide consistent access to shared data. When employee connectivity is compromised by network downtime or incompatible technologies, your business suffers.

An experienced managed IT consultant can help integrate your current systems and can guide future purchasing decisions based on your company’s needs and growth.

Systems Integration For Insurance Providers

An increasing number of insurers are moving from multiple isolated applications to a fully integrated system that can respond to industry demands and grow with your business. A managed IT provider can help integrate your billing, policy, and claims management systems into a single service-based infrastructure, so your staff can access the information they need anytime, anywhere.

Regulatory Compliance With Insurance Rules & Regulations

Success in the insurance industry depends on compliance with a broad range of rules and regulations at both the federal and state level. Lapses in regulatory compliance can result in fines, fees, and lost revenue. Don’t get caught playing catch-up. A managed IT consultant can ensure that your company remains current and compliant with all industry regulations, and can help anticipate how regulatory changes will affect your bottom line.

Risk Assessment

In the insurance industry, success depends on an accurate understanding and assessment of risk. In this sensitive area, any inaccuracy can hurt your company’s ability to compete, and can affect your return on investment.

An experienced IT consultant can evaluate current risk assessment technologies, and help you choose the best products for your needs.

Data Migration

Data-dependent businesses are realizing the many benefits of moving their sensitive information from in-house servers to the cloud. The cloud offers increased security, safeguards your data in the event of a network failure, and provides a way to instantly retrieve data that have been lost or compromised. But migrating large amounts of information to the cloud can be time consuming, and can take your in-house staff away from the day-to-day challenges of keeping your business at peak performance. A seasoned IT consultant can shoulder the burdens of data migration, leaving your in-house IT team free to make your business the best it can be.

Data Loss Prevention & Recovery Is Easy With Managed IT Services

Insurance companies are tasked with handling vast amounts of information and keeping sensitive customer data secure. A managed IT consultant can assess your network, identify potential vulnerabilities to data loss, tighten cybersecurity protocols, and help you prepare a data loss prevention plan. In the event of a data breach, you’ll be notified immediately, and you’ll have the resources needed to recover any compromised data.

At Iconic Technologies, we specialize in helping today’s top insurers maintain the integrity of their networks, migrate vital data to the cloud, boost connectivity between workers, and ensure that private data stay private - all of which frees your in-house IT staff to focus on the work of making your business the best it can be. Contact us today, and discover what Iconic Technologies can do for you.