Digitization is driving change in commercial and industrial insurance. Whether you succeed in taking the step into the digital future will in the long term determine your company’s business success. Read in the first part of our series how digitization is influencing how the actors act in the market.
Digitization poses major challenges for the insurance industy. Technological advances not only lead to a reorientation of internal processes, they also create entirely new methods of customer communication. In addition, they facilitate the development of a new generation of innovative insurance products.
According to a new study, more and more insurers are thinking about managing their data via a hybrid cloud. Hybrid clouds are a hybrid of public cloud and private cloud applications. Hybrid clouds enable industrial insurers to deliver applications and services faster - to the customer's benefit.
mgm is among the ten most successful full-service digital agencies in Germany in terms of revenue. This announcement was made today by the Bundesverband...
Since the publication of the Agile Manifesto in 2001 the agile approach has in next to no time developed into state of the art...
Insurtech companies embody technical innovation, optimize business processes and drive digitization forward. Most providers may congregate in the consumer market, but more and more of these startups are now moving into commercial and industrial insurance.
When it comes to insurance and digitization, many focus primarily on marketing and sales. Insurance companies, however, have some unique points of contact with their customers where they could really shine with digitization. This includes the processing of damages.
The discussion "Whom does the data belong to" is not only intensively discussed between insurers, brokers and companies in industrial insurance. The current discussion in the private motor insurance market shows the challenges of digitisation for all parties involved.
When it comes to digitization, company executives are literally rolling over with promises about the potential of technology. However, safety often falls by the wayside. Many computer systems are not properly prepared for attacks - let alone insured against cyber attacks.
The advent of the Internet triggered a digital revolution that completely redesigned many sectors of the economy. Even in the insurance industry some major changes are emerging that could reshape this industry. We have already seen the first providers using digital platforms to sell insurance.