While there’s plenty of hype and money behind the insurtech revolution, carriers are enthusiastic about digital transformation and won’t be caught by surprise as their industry evolves.
That’s how David Connolly, leader of the global insurance digital practice for EY, sees the state of the sector. He says that there are many areas that insurers can begin the digitization journey, but all companies are working hard toward that goal.
“You can do this incrementally or you can do it aggressively,” he says. “If you like what you see and you think there’s a lot of opportunities here to transform, but your legacy environment won’t allow it, there is a series of options.”
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