While 85% of insurers agree that innovation is important, the industry as a whole has only lately recognized the need for an innovation strategy. However, facing many barriers to adoption, the majority of industry participants are still focused on incremental change that fails to prepare them against disruptive risks.
Innovation is more than the buzz word, it’s a way of solving a problem that leads to impactful and lasting change. For insurers, the time has come to jump on the innovation train and ride the rails to a more customer-connected future.
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