Whitepaper: Flexible, Innovative, and Integrated: Engineer a Modernized Tech Ecosystem Fit For Carriers in 2030 and Beyond
66% of insurers are accelerating their digital transformations which is opening up huge opportunities to exceed customer expectations, develop innovative products and achieve growth like never before.
Legacy systems, constant updates and fragmented solutions are just a few of the challenges leaving carriers struggling to produce a technology ecosystem that meets back-end and customer facing needs.
Insurers who don’t achieve an agile tech ecosystem that can develop with the industry will soon become insurers of the past.
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Strategically select your most relevant solutions from a sea of potential partners.
Develop deep partnerships that deliver the most ROI and curate the solutions you need.
Integrate ecosystems to solve problems across that value chain and avoid tech silos.
Prepare for the constantly changing landscape and build with flexibility in mind to take on emerging challenges.
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Read through the insights and case studies to gain the knowledge to:
- Target Technology: pinpoint your business-critical problems and strategically sift through the insurtech market to find the partners that will bring you the most value
- In-Depth Partnerships: dig deeper with the partners you have to get the best ROI from your investment – go beyond adopting technology and influence your outcomes
- Integrate and Evolve: develop ecosystems that solve current problems across the entire value chain but remain vigilant and flexible to pre-empt and tackle future challenges
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“There's kind of this mentality that the way we've done it is the way we always do it … so you have to actually go the other direction as well, where you do your own examination.” - Ben Podbielski, VP of Emerging Technologies, Protective Life
“Our goal is to accelerate the process while making the biggest impact to solve the right challenges.” - Peggy Klingel, Director, Start-up Engagement, Allstate
“I think in the past, too many [insurance] companies said, ‘we're going to build it all’ … they're not technology companies, so by the time they build it, it's outdated.” - Jennifer Daniel, Vice President, Premier Technology Partnerships, Aflac
“What is good today may not be good enough in a couple of years…That's kind of where you need to think a little bit ahead, and so carriers do need to invest in modernizing their platforms.” - Parimal Kumar, Vice President, Head of Technology, QBE
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I hope you find the whitepaper valuable! Please get in touch with any questions or comments.
Kindest Regards,
Lucy
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Lucy Hughes
Project Director
Insurance
Reuters Events
Telephone: +44 (0)20 7536 7206
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