As technology innovation, higher customer expectations and disruptive technology redefine the marketplace, insurers remain focused on growing top-line sales, bottom-line profitability, addressing challenges, and competing in a dynamic industry.
As digital capabilities, infiltrate nearly every industry, there appears to be a big opportunity for Insurance companies to transform their business model. In fact, unless the industry commits to integrating transformative technologies more rapidly into their operations, Insurance companies could risk not only continued stagnation, but potential leakage to InsurTech innovators as well.
CII-Deloitte report on InsureInd Insurance-Industry Partnership will help the industry to understand the changing landscape of Insurance and facilitate risk management at optimum cost. It was released at the 3rd InsureInd - Insurance Industry Partnership held on 10 January 2018 at Kolkata.