Technology Enablers
Insurers and intermediaries in a fast changing digital world – KPMG
Article Synopsis :
KPMG, in the report titled “Insurers and intermediaries in a fast changing, digital world”, explores emerging customer trends and channel developments in the Insurance sector. Specifically, the report looks at the challenges and opportunities in building a data culture, leveraging retailer data, capturing and analysing data cost-effectively, augmenting data through telematics and machine- to-machine technology in the journey towards digitisation. The report also highlights key considerations for insurers on their digital journey:
Emerging digital trends for insurers
- Technology must not be the ‘tail that wags the tiger’
- ‘Big Data’ is not the only story here
- Prepare for a world driven by data and informed by analytics
Link to Full Article:: click here
Digital Insurer's Comments
Almost every insurer has developed or is developing a digital strategy. While devising the digital strategy, insurers should take into account the entire business model which encompasses all components of the customer value chain. Insurers who adapt early and anticipate digital customers’ behaviour better will carry a significant competitive advantage over laggards.Link to Source:: click here
About the Author
Hugh Terry
CEOHugh Terry is the Founder of The Digital Insurer. Hugh has more than 20 years' experience in the Insurance industry including operational, consulting and entrepreneurial roles. He is an actuary by profession and lives in Singapore. He is passionate about the application of technology to insurance business models and as well as writing articles he actively shares his experience via consulting assignments, speaking opportunities and participation in entrepreneurial initiatives in the field of digital insurance
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Hugh Terry
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