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What will change in insurance industry in 2017?
The insurance industry – traditionally cautious, heavily regulated, and accustomed to incremental change—confronts a radical shift in the age of automation. With the rise of digitization and machine learning, insurance activities are becoming more automatable and the need to attract and retain employees with digital expertise is becoming more critical. Workforce position-by-position changes McKinsey Global […]
Will InsurTech have a major impact on the insurance market?
InsurTech can be described as “an insurance company, intermediary or insurance value chain segment specialist that utilises technology to either compete or provide valued added benefits to the insurance industry.” The InsurTech landscape is growing at an incredible rate, with over $3.93bn invested globally. In the first nine months of 2015, more than three times […]
Is the Insurance Industry Begging for Disruption?
The insurance industry is begging for new ways to acquire customers because we have entered a golden age for fintech. LendingClub and OnDeck recently exited through massive IPOs, and global investments in the fintech space hit $3 billion last year. This outpouring of innovation and investment has spread across the financial sector, spanning mobile banking, small business […]
