Technology could unlock $1.63 trillion in insurance value
Monday, 03 20 2017, Category: Technology, Country: World
Digital transformation could unlock $1.63 trillion worth of new value for the insurance industry by 2018, according to a new study.
Approximately two-thirds of the insurance executives interviewed said they see digitally-driven transformation as the key to their organisation’s commercial future, the study by Cognizant found.
But far from replacing the human element in insurance, the research found that machines and technology will enhance what workers already do, allowing the industry to become more strategic, specialized and technical than ever.
Source: Insurance Business