The insurance industry has long been known for its conservative nature – especially where the adoption of new technology is concerned – but this is a characteristic that’s being forced to change as the digital age starts to make its presence felt, and technology-driven challengers appear to disrupt existing markets.
But what does digitisation in insurance actually mean?
This blog outlines:
• The specific implications of digitisation for the insurance industry.
• Typical constraints hindering change and how they can be overcome.
• Several benefits vital to the continued success of the insurance industry.