The momentum of change and technological innovation within
insurance has exploded in the last few years, evidenced by increasing levels of
investment in insurtech both globally and within the UK. There are some very
real existing and emerging challenges in the market that need to be resolved
which, at their very core, require a rethinking of what insurance looks like.
Only in understanding these driving forces can we start to effectively frame
the solutions needed to deliver excellent customer experiences.
Key Highlights -
In a world of instant and mass connectivity, enabled by
technology, knowledge has been democratized. In this new reality, if you don’t
provide excellence as a service you’ll be found out very quickly.
Delivering customer delight primarily comes down to
satisfying two needs: responsiveness and communication.
Trust is already the most critical currency insurers must
trade on - it is truly foundational.
The conversation will be moving from one in which an insurer
offers the traditional product of risk transfer to one in which it will provide
risk management products and a broader wrap-around complement of
services.