The insurance business is under attack. Premiums, profits, and policyholders’ satisfaction are decreasing. Digitalization and InsurTech can fix this. But don’t muddle up the two concepts! The Insurance Business Launched Paper-Based For generations risk carriers recorded information, calculated tariffs, issued coverages, and managed claims. The best medium to process these business trades was paper. After decades of prosperous insurance operations, insurance products, and procedures are all predicated on tackling a paper. This belief is presently holding insurers back to adapt accordingly to the digitalization of our economy.
Stop Confusing InsurTech with Digitalization
Stop Confusing InsurTech with Digitalization
Stop Confusing InsurTech with Digitalization
The insurance business is under attack. Premiums, profits, and policyholders’ satisfaction are decreasing. Digitalization and InsurTech can fix this. But don’t muddle up the two concepts! The Insurance Business Launched Paper-Based For generations risk carriers recorded information, calculated tariffs, issued coverages, and managed claims. The best medium to process these business trades was paper. After decades of prosperous insurance operations, insurance products, and procedures are all predicated on tackling a paper. This belief is presently holding insurers back to adapt accordingly to the digitalization of our economy.