Knowledge360® Continues to Expand within the Insurance Industry
Changes within the insurance industry are forcing underwriters to adapt and navigate a new risk environment. Insurers are looking to leveraging the potential of new technologies to remain competitive, improve processes and increase efficiency. Cipher sees these changes driving a significant increase in Knowledge360® subscriptions.
ANNAPOLIS, Md., May 5, 2019 /PRNewswire-PRWeb/ -- Knowledge360® user base grows as the world becomes increasingly automated. Changes within the insurance industry are forcing underwriters to adapt and navigate a new risk environment and insurers are looking to leveraging the potential of new technologies to remain competitive, improve processes and increase efficiency. These changes are key drivers for increases users of Knowledge360®. Today:
- One in five Blue Cross & Blue Shield affiliates use Knowledge360®
- Cipher has seen a 540% increase in users within the insurance industry
"Recent advances in technology have businesses in the insurance industry facing disruptions unlike any seen in the past. Uncovering key data points that are then paired with predictive modeling, can present a clearer and more accurate picture of future insurance markets." – Cipher CEO Peter Grimm
As smart-devices like fitness trackers, voice enabled assistants like Alexa and IOT connected devices that range from automobiles to refrigerators are becoming consumer norms, the data these devices provide will change the face of insurance.
"Intelligence is a critical foundation for understanding an organization's market environment and assessing overall competitive position." – Managing Director, at Blue Cross Blue Shield Association
This rapidly changing competitive landscape is fueling the need for enterprise level competitive intelligence software. Cipher's tool, Knowledge360®, collects and organizes information across an enterprise while offering user-designed dashboards and supporting real-time user collaboration and integration with Salesforce and SLACK.
About Cipher
Cipher is a full-service competitive strategy and technology firm. Our enterprise software Knowledge360® is the only software to receive the SCIP Certified Gold Seal Endorsement.
SOURCE Cipher Systems, L.L.C.
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