Insurance as we have known it for the past few decades is facing permanent changes: Digital companies like Amazon, Uber, Netflix, Apple and others are resetting the bar for customer engagement. New digitally-driven customer behaviors and expectations are creating new risks. And platform-based business models and digital technology are shifting and blurring traditional industry boundaries. The convergence of these changes is driving a rapid shift in the industry from Insurance 1.0 to Digital Insurance 2.0.
Incumbent insurers and InsurTech companies alike recognize the rapidly emerging market opportunities for growth and innovation as a result of these changes, and are developing innovative business models and new products that are leading the way to Digital Insurance 2.0. They are investing in their own greenfields and start-ups in order to reach new market segments and capture market share with new products and services.
Hear how these innovators view the market opportunities and how they are leveraging a state-of-the-art platform and digital technology to build new Digital Insurance 2.0 business models to capture growth and innovation market opportunities.