How can the business leap these hurdles to achieve the digital visionary status vital to be a transformation leader?
Choose a digital platform that enables insurers to keep up with visionaries.
"The research revealed that as companies advance in their journey, they begin to operate more digital initiatives at scale, with visionaries averaging 12 at scale, and having completed pilots on seven additional initiatives.
Digital Insurance Feb 12th 2019
is such a platform for all categories of insurance, all regions and languages. And it delivers the customer delight whilst collapsing costs across the whole claims value chain. So begin the initiative with one category like Motor, then add Home, Pet, Travel, Commercial and Speciality at the speed you can cope with. Without having to throw away those core systems of record.
When asked about the biggest barriers to digital transformation in 2019, nearly one-third of organizations surveyed (30 percent) cited insufficient budget and 22 percent cited the inability to experiment quickly. But having legacy systems was the top response, at 41 percent. Lack of change management capabilities and relevant skills are also seen as key hurdles in 2019.
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