It may be hard to believe, but the insurance industry is the original data industry. Before rise of Google, Facebook and other digital giants, insurers had better data and information than any other industry on its customers, its claims, and its products. They used to have warehouses of paper files which distinguished them from their…
Smart carriers are turning to a Future Systems technology strategy to ready themselves for the growing disruption that is set to hit the insurance industry. This approach, as I discussed in my previous blog post, enables insurers to quickly scale up innovation throughout their organizations. The route insurers should follow to implement a Future Systems…
In my last post, I spoke about why teamwork is the key to unlocking blockchain’s true value. Today I want to talk about the key things to consider before pulling the trigger on investing in blockchain. Not because I want to deter you, but because it might not be the right solution for you at…
Despite the insurance industry’s high vulnerability to disruption and its challenge to remain relevant to a new generation of potential customers, here at Accenture, we remain optimistic. Why? Because we are at a pivotal point in time. Technological advances, coming at breakneck speed, are changing the way we deliver value. They are redefining value … from the customer’s…
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