Technology

The insurance industry faces the ongoing challenge of communicating the intangible value of its services and dispelling the notion that insurance is a mere financial burden until a crisis unfolds.

The digitization of insurance in developing countries represents a monumental shift in the industry, offering unprecedented opportunities for both insurers and consumers.

The insurance industry in 2023 must undergo a transformative shift to cater to the diverse needs and expectations of Gen Z and Millennials. Adapting to this rapidly evolving landscape is not just a choice but a necessity.

As the demand for digital insurance skyrockets, so does the need for insurers to invest in IT.

Digitization has eased the distribution and sales struggles hence increasing agility. Intermediaries are able to work remotely and improve the customer experience.