The insurance industry has been greatly disrupted in recent years, in large part due to digital transformation. The ripple effects of that transformation have driven widespread insurance innovation.
While there are certainly many industry standards changing and technological advances happening in the industry, arguably the primary factor driving insurance innovation is customers. To win over and retain customers, insurers are already under pressure to change now.
With so much changing in the world - both within the scope of the insurance industry and beyond it - there are particular innovative insurance trends to be aware of.
This blog sheds light on seven concepts and technologies that are and will continue to disrupt the insurance industry and redefine expectations for insurers.