Harnessing technology to accommodate shifting trends in insurance distribution

Overview

Emerging diversity in distribution - what does this mean for technology?

Distribution Trends in the Asian Insurance Market, Asian insurance companies are moving away from agency based distribution towards a more diverse model that encompasses other channels such as banks, direct sales and financial advisers. In order to accommodate this trend, technology solutions need to evolve to be more functionally rich and adaptable to support such a growing variety of multi channel distribution models.

To better support this diverse range of channels and remain competitive, insurers now require increased levels of flexibility in the software that they employ. This flexibility can come in the form of communication links to the distribution channels, as well as in the form of adaptability of the application to facilitate ongoing change.