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Technology Growth – The Drive for Insurers to Innovate
November 22, 2022 @ 6:30 pm - 9:30 pm
Technology Growth - The Drive for Insurers to Innovate
In the advent of continuous technology advancements, aided by changing demand and innovations (in terms of business models, pricing, operating structure) the insurance industry in the UK is facing many macro challenges. These are driving insurers to innovate new products, distribution models, risk management, underwriting and pricing, delivering superior customer experience, enabling distribution channels, reducing cost of claims, meeting the regulatory and compliance deadlines.
Insurers have realized that they have no other way but to leverage technology to drive the innovation to be relevant, profitable and resilient.
This situation has given enough opportunity and responsibility for CIOs and IT professionals to accelerate the speed of technology transforming, operating model and be adaptive to the need to cater insurance businesses to innovate.
CIOs also realize that this transformation is not possible without next-generation technology partners who are known to be challengers, disruptors and innovative, who can help build future ready technology organization with robust eco-system, people, and expertise to accelerate the business outcome.
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