A New Business Model for a New Era of Insurance
The digital age shift is top of mind for every leadership team and board because it is extending an organization’s growth and innovation capabilities. Insurers are beginning to innovate new business models based in the API and platform economy, using a new technology platform that enables them to leverage broad ecosystems and technology innovations such as cloud computing, artificial intelligence, machine learning, and new data sources to create a greatly enhanced customer experience.By doing this, they are rapidly solidifying their position in the digital age and the era of Digital Insurance 2.0 to:
- Accelerate digital transformation to become digital era market leaders
- Accelerate innovation with new business models and products
- Accelerate ecosystem opportunities and value
- Avert disruption or extinction by new competition within and outside the industry
Download Majesco’s latest report, “A New Business Model for a New Era of Insurance,” to understand the factors driving the new era of digital insurance, and how you can adapt to use it to your advantage now.