Insurance Sector Struggles to Innovate
Saturday, 09 19 2015, Category: Insurance and Reinsurance, Country: World
While insurance executives overwhelmingly know that innovation will drive future competitive advantage and growth, most seem to be struggling to kindle the spark within their organization, finds a KPMG International report released this week.
Based on a survey of 280 insurance executives from around the world and a series of one-on-one interviews with insurance leaders and new entrants from the world of financial technology (FinTech), the report, entitled “A new world of opportunity: The insurance innovation imperative,” finds that the need to innovate is already creating significant pressures for the insurance sector.
Source: Insurance Journal