Modernising Legacy Systems: Seamless Tech Integration Strategies

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Did you know that 70-80% of incumbent insurers’ IT budgets are taken up by maintaining legacy systems? In an era where digital transformation is not just a choice but a necessity, this takes precious time and resources away from pursuing insurance innovation. Legacy systems were once the powerhouse of insurance operations, but have become somewhat […]

Embedded insurance 2.0: To affinity and beyond

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In the last few years, embedded insurance has emerged from the wider embedded finance movement to become the industry’s hottest topic. Incumbents have woken up to the opportunity – estimated at $700 billion in gross written premiums by 2030 in Property and Casualty alone – and numerous well-funded insurtech startups have emerged to power the […]

Breaking Barriers: How to speed up digital transformation in insurers

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Digital transformation can often seem a faraway dream for insurers. But despite the industry’s reputation as resistant to change, most incumbents long ago embarked on ambitious and costly transformation efforts – and progress has been made. When governments across the world imposed Covid-19 lockdowns, insurers on the whole reacted quickly to switch to remote operations […]

How will insurers be impacted by the shift towards the ecosystem economy?

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In the last decade, digital platforms have experienced immense growth, giving rise to sophisticated consumer ecosystems across nearly every industry. In insurance, new entrants have been particularly successful in capitalising on this trend, with some of the most recognisable, like Revolut and WeChat, graduating from start-up to household names in just 10 years or less. […]

Digital transformation trends in insurance

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Insurers tend to innovate slowly in an attempt to get things “right” in a heavily regulated industry. But that is changing. COVID and climate change have accelerated the digitalisation of the insurance industry, and there is no going back. The time to act fast is now.

How emerging technology can reduce operating costs for insurers

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Technology is remaking the insurance industry. New capabilities and efficiencies mean insurers must keep up with new apps, software, and insurtech services that can put them on the cutting edge. Part of competing means keeping costs low, and there are many new ways to do that.

How to improve speed to market: 5 tips insurers should know

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Innovation rules the day when it comes to the insurance industry. In an increasingly unpredictable world, companies that adjust their product offerings to changes in the social, economic, and physical environment are most likely to remain relevant—and attract more customers.

What is Insurance as a Service?

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Like it or not, today’s insurance market is experiencing disruption. Cloud computing, artificial intelligence, blockchain and many others are revolutionising the fields of finance and insurance. What that means in practical terms is big changes for insurance as we know it.

15 digital trends in the insurance industry

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Over the past few years, the insurance technology sector has built serious momentum. New players are on the scene and they’ve attracted more funding to insurtech in 2021 than ever before. And it makes sense – changing customer behaviours and expectations mean the market is crying out for personalised insurance solutions.