Insurance companies find themselves having to juggle meeting customer needs while also complying with complex government regulations. This creates challenges in staying current with technology. Black Diamond’s approach in the insurance sector is to be mindful of regulatory compliance while digging into and providing solutions for reporting needs. Some examples of reporting we have built include modeling commissions for agents and producers as well as KPIs for premiums, cost per claim and commissions ratios.
The insurance industry as a whole is undergoing a digital transformation – Black Diamond and OneStream are leading the way.