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Oliver Wyman

Oliver Wyman is our official partner for the APAC Insurer Innovation Awards.

Oliver Wyman is a global leader in management consulting. With offices in more than 70 cities across 30 countries, Oliver Wyman combines deep industry knowledge with specialized expertise in strategy, operations, risk management, and organization transformation.

The firm has more than 5,000 professionals around the world who work with clients to optimize their business, improve their operations and risk profile, and accelerate their organizational performance to seize the most attractive opportunities. Oliver Wyman is a business of Marsh McLennan [NYSE: MMC]. For more information, visit www.oliverwyman.com.

Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology intensive and converging industries. We navigate our clients through changing business ecosystems to uncover new growth opportunities. We enable our clients to build innovation capabilities and transform their organizations. Our consultants have strong practical industry experience combined with excellent knowledge of key trends and dynamics. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit www.adlittle.com

FINNOVATING

Finnovating is a Matching as a service platform that enables X-Techs from all around the word to connect , collaborate and get the funding they need to grow from investors and corporations globally. The Finnovating platform is a space were the key players of the Tech industry can connect together easily and boost global Tech innovations.

SØNR

Sønr is the world’s most comprehensive source of innovation intelligence. It is a subscription platform used by some of the best known insurance companies globally.

It tracks millions of companies around the world and provides insight on the latest market trends, the startups and scaleups reshaping the industry, and intelligence on how other big insurers are innovating.

Sønr includes a suite of tools designed for teams to better collaborate and connect. From recording meetings to capturing and sharing Notes, to being able to track and share activity across the company using Watchlists and CRM boards.

The platform is backed up by a team of consultants, researchers and analysts who support clients in discovering and creating new business opportunities.

Library : Agency Nation – Learn How to Unlock the Power of Digital in Your Agency

Executive summary :

There’s no question that investing in digital technology is good for insurance agencies.

 The Digital Insurer reviews Agency Nation’s Report on Learn How to Unlock the Power of Digital in Your Agency

Unlocking digital potential

According to Liberty Mutual and Safeco’s Rise of the Digital Insurance Agency research report, highly digital agencies grow revenue 60% faster than low digital adopters.

High expectations

Modern consumers also expect great digital experiences from businesses they interact with. According to separate research from Liberty Mutual, 82% of consumers believe a company’s digital experience is either somewhat or very important when they are considering doing business.

Plus, digital interactions shape how customers experience the business: 68% of consumers reported feeling satisfied after a good digital experience, while 67% reported feeling frustrated after a bad digital experience.

Digital is essential

All this points to the importance of investing in digital. But where should agencies begin?

Liberty Mutual and Safeco recently released a new interactive experience designed to help independent insurance agencies navigate digital transformation. The experience is based on the findings of the Rise of the Digital Agency research, which analysed more than 20 digital capabilities. Fifteen of those capabilities were plotted into a digital framework and grouped based on complexity – from fundamentals to modernisations to innovations.

Rather than trying to adopt the full range of digital capabilities all at once, the research pointed to the value of laying a foundation of digital tools and tactics which agencies can then optimise and expand upon.

Getting the basics done right

Agencies that are just beginning their digital journey should start with fundamentals, including capabilities such as social media, texting and online quotes.

Those who have mastered fundamentals can build upon their digital capabilities with modernisations such as SEO, self-service portals and live online chat.

See the full report for more…

Link to Full Article:: click here

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