Transformation efforts of insurers less than ideal
Tuesday, 06 14 2016, Category: Insurance and Reinsurance, Country: World
Only half of insurers believe they are capable of extracting and sustaining value from business transformation initiatives, according to a report released by KPMG International, a global network of professional firms providing audit, tax and advisory services.
The report, “Empowered for the future: Insurance reinvented”, surveyed more than 70 insurance executives from the around. It found that 57 percent of those polled admitted that their transformation efforts to date had been less than ideal.
The report was released during the International Insurance Society's Global Insurance Forum 2016 in Singapore (12-15 June), where industry leaders and executives gathered to discuss innovation and industry transformation.
Source: Intelligent Insurer