Going Digital

Will traditional insurers continue to lead, or will digital-first insurers seize the future, driven by innovation and customer-centric approaches? 

There are hopeful signs that insurers are finally embracing the benefits of technological innovation, as technology vendors are providing them with what they want.

The time for adoption is now, and insurers must take action in our increasingly digital and data-driven landscape.

Despite the gloom and doom, there are numerous examples of companies achieving competitive advantage through their use of insurtech. 

There is a bigger problem that is not widely discussed – the sheer complexity of bringing products to market quickly and updating them once in market. 

More than half of global insurance decision makers say their transformation efforts have not achieved desired business outcomes. I

His continual overpromising about Teslas' autonomous capabilities and his wildly optimistic plans for colonizing Mars offer lessons on mental traps to avoid.

Firms have to Assess the marketplace, Balance technology with business and Commit to a growth mindset.