Google Tanslate

Select Language

Sign up and be the first to know

About Hugh Terry & The Digital Insurer

Hugh Terry & The Digital Insurer Video

Contact Us

1 Scotts Road
#24-10 Shaw Centre
Singapore 228208

Write an article

Get in touch with the editor Martin Kornacki

email your ideas at [email protected]

Pre Registration Popup

itcasia2020 Registration Popup

Share Popup

Prime Member: Find out more

Access a unique programme!
  • 56 pre recorded lesson of online content from industry experts over 7 courses
  • The best in digital insurance for practitioners and by practtioners
  • Online MCQ after each lesson
  • Join the discussion forum and make new friends
  • Certificate upon completion to show your expertise and comitment
  • 3 months to complete
  • Normal price US$1,400 Your Prime member price is US$999
  • Access to future versions included in your Prime membership!
Become a member

Prime Member: Contact Us

REach out to us. Please fill up the form below
  • Let us know how we can help. You can expect a response within 24 hours

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 enable our clients to build innovation capabilities and transform their organizations. 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.

Transforming Insurance – Securing competitive advantage – KPMG

Article Synopsis :

Insurance CIO’s charged with building a digital driven enterprise have an immensely challenging task ahead of them. However, with the right strategy in place they can use digital as an opportunity to craft new experiences and create value for increasingly demanding customers.

 The Digital Insurer reviews KPMG’s Report on Transforming Insurance - Securing competitive advantage

Transformation must be business-led and technology-enabled 

In the 2014 report “Transforming Insurance: Securing competitive advantage”, the KPMG team explain what it means to be digital and discuss ways technology can help players in insurance markets meet the digitisation strategy challenges and transform their capacity to identify trends, plan, collaborate, and rapidly respond, adapt and thrive. KPMG research shows that insurers and intermediaries are facing five key interrelated issues in the fast changing digital world:

  • What it means to be digital and how to operate in a digital world
  • How to make the best use of the increased data that the digital world generates
  • How to conquer and tame the challenges of the complex web of legacy systems many have inherited
  • How to achieve all of this in a manner that keeps the business secure in the face of increased threats to cyber security and, lastly but most importantly
  • How to attract and retain the people needed to drive the change this implies – in a nutshell – how to get started.

The report highlights that addressing deeply embedded technology challenges offers competitive advantage for insurers and brokers. The report pinpoints five mistakes that will be vital to avoid  while implementing strategic IT change:

  1. Inadequate focus on the challenges of change
  2. Absent or unsophisticated governance
  3. Inexperienced planning execution teams
  4. Insufficient resourcing
  5. Risk management monitoring

The report also highlights that digital transformation will require a focused strategy, an actionable plan and rigorous execution and presents the four phase digital strategy framework to achieve the same:

  • Phase 1 – Direction setting
  • Phase 2 – Customer propositions
  • Phase 3 – Business design
  • Phase 4 – Execution planning

Link to Full Article:: click here

Digital Insurer's Comments

As the volume of new business generated through digital channels is increasing, insurers cannot fail to ignore digital transformation as a performance lever.  The framework  and outcomes of the digital model differ considerably from traditional models and to remain relevant insurers need to come out of the ‘to digitise’ or ‘not to digitise’ dilemma. Insurers need to set a new standard for performance and identify the key pillars of a digital-driven business model such as customer-centricity, data intelligence, IT transformation, service innovation and agility.  The KPMG report aptly highlights the value of proactively managing the digital transformation journey and we believe that the transformation journey will be driven by a combination of transforming customer facing business processes and implementing data-centric innovation around interconnected channels.

Link to Source:: click here

 

Comments

Livefest 2019 Register Popup Event

Livefest 2019 Already Registered Popup Event

Livefest 2019 Join Live Logged-in Not Registered

Livefest 2019 Join Live Not Logged-in