InsurTech strategies to compete effectively
Monday, 09 17 2018, Category: Technology, Country: World
PwC has highlighted the need for insurers and reinsurers to develop and implement focused InsurTech strategies, in light of advancing technology and the ongoing maturity of the InsurTech space.
According to PwC, InsurTechs are impacting the insurance and reinsurance industry in numerous ways, including the transformation of the existing value chain, enabling new capabilities, innovating new products, and also breaking boundaries beyond re/insurance.
Starting with the value chain, PwC’s report states that customer engagement or the development of digital distribution platforms is having a transformational impact.