World InsurTech Report 2019

The World InsurTech Report (WITR) 2019 from Capgemini and Efma explores the Insurance marketplace of the future and offers insights into how established insurers and InsurTechs can remain competitive in a dynamic business environment.

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Changing Business Dynamics

Customer expectations are evolving, offers are becoming more innovative, and new players are making their presence known in the insurance space. These changing business dynamics have set off a tectonic shift in the insurance industry.

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Insurance Marketplace of the Future

In the insurance marketplace of the future, insurers will move beyond traditional roles to become their customers’ constant risk control advisors and partners for insurance and related non-insurance needs.

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Being an Inventive Insurer

Success in the future marketplace will depend on insurers’ ability to evolve into Inventive Insurers by improving their digital agility as well as building an integrated ecosystem to provide digital, experience-led offerings via seamless collaboration with ecosystem players.

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Incumbent-InsurTech Collaboration

Incumbent-InsurTech collaboration can shore up competencies in preparation for the marketplace of the future. Finding a partner that can address technology capability gaps may require specialized third-party support.

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New Ecosystem Roles

As insurance industry transitions towards the future insurance marketplace, new specialized roles are developing. In addition to the traditional integrated business role, new functions include that of Supplier, Aggregator, and Orchestrator.  

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Blogs

Changing business dynamics drive insurers to a marketplace model

Changing business dynamics necessitates insurers to rethink their demand-generation methods to remain competitive.

InsurTech firms Challenge Traditional Insurers to Prioritize Innovation Over Scale

InsurTech firms’ deft use of advanced technology is disrupting existing insurance practices and business models in an industry that has traditionally relied on scale for success.

InsurTechs offer insurers R&D hub innovation

Collaboration with InsurTechs allows established insurers to introduce innovation within their organization while efficiently and cost-effectively enhancing digital agility.

“InsurTech” or the way to innovate and disrupt the Insurance Industry?

InsurTechs can help traditional insurers streamline processes and achieve operational efficiency with technology such as cognitive document processing.

World InsurTech Report 2019

The World InsurTech Report (WITR) 2019 from Capgemini and Efma explores the Insurance marketplace of the future and offers insights into how established insurers and InsurTechs can remain competitive in a dynamic business environment.

Download now
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