A challenge too far
Insurance companies are under pressure. Changes in the regulatory and economic landscape, along with cautious spending by customers are leading insurers to look at better managing their risk, improving operational efficiency and enhancing their customer experience.
Harnessing the power of modern technology, optimizing distribution channels and implementing sound clientcentric strategies are crucial for keeping up with the competition in an agile marketplace where customers expect engagement on their terms and boardrooms expect real-time access to business performance data.
For many insurers, however, the barrage of innovation only serves to confuse and complicate strategic growth plans rather than enable them. Web portals, digital engagement and robotics, to name but a few, have the potential to significantly boost revenue and margin – but determining just how, can sometimes be one challenge too far.
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