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InsurTech World

| less than a minute read

Stuck in the insurance digital slow lane?

Potted history of insurance from James Harding COO at 360Globalnet building on perceptive article by Denise Garth SVP Strategic Marketing at Majesco.

Set's a challenge and also solutions for insurance claims execs. Plot where you are on the path from Insurance 1.0 to 3.0.

I recently met a senior exec at a major insurer that spent one year and £10 million to complete an Digital Claims POC- just one customer journey mind! That is like ERP solutions before the days of Salesforce.com. Expensive, slow and so Insurance 1.0 Today POCs can be configured and launched in days; a three month POC will prove the metrics from delighted customers to collapsed costs. All without high upfront costs; in fact usually with no integration or other upfront costs.

Tags

insurtech, digitalclaims, transformation, automation