Today’s insurers exist in a constantly evolving digital landscape. Opportunities abound to innovate, to gain and retain customers, streamline infrastructure, introduce products faster, personalize offers, build brand loyalty, improve efficiency and reduce costs.
Yet insurers still find themselves playing catch-up to other industries where the digital revolution has redefined the customer experience. And so for many companies, these innovations remain tantalizingly on the horizon.
Capgemini’s experts work closely with your teams to identify, prioritize and implement the right opportunities. We believe that this human-centred approach to technology is what makes the difference for your business.
We call this the Capgemini Effect.
Key Findings from World Insurance Report 2018
The 11th edition of the World Insurance Report features interviews with 130 insurance executives and more than 10,500 customer responses from 26 regions across North America, Europe, LATAM and Asia-Pacific.
Our 2018 findings reveal:
- With the insurance industry playing catch-up to deliver superior customer experience, there is still a window of opportunity for insurers to improve their digital agility to attract and retain customers as BigTechs are preparing to establish a presence in the insurance industry.
- As customer expectations and market dynamics rapidly evolve, digital agility will be critical for insurers to predict and respond quickly to shifting customer attitudes, market opportunities, and risks.
- To enhance digital agility, it will be important for insurers to build synergistic InsurTech capabilities at all operational layers―real-time data capture at the customer interface supported by advanced analytics tools―to enable real-time insights and seamless digital execution.
- Only those insurers that foster digital agility will be in a position to develop future-ready operating models based on a digitally integrated ecosystem that will ensure long-term business sustainability.
The World Insurance Report 2018 is available for download at http://www.worldinsurancereport.com/.
The World Insurance Report Interactive Website
View the World Insurance Report website to dive deeper into evolving customer preferences, enhancing digital agility, digital agility maturity and future-ready operating models. The website features graphics that explore customer experience, BigTech disruptors and the importance of digital agility.