Digital Transformation - February 19 2020
The insurance industry often gets a bad rap for being boring, bureaucratic, and stodgy. However, that is not – and has never been – the case. Industry insiders will tell you that a career in insurance can be rewarding, challenging, and stable, offering opportunities to solve complex challenges, use cutting-edge technology, and help people. The insurance industry is currently undergoing a digital transformation as industry giants look to revolutionize how they do business and new entrants enter the market to address the demands of the “gig economy.” In fact, it’s never been a better time to start a career in insurance.
Tech-driven disruption in the insurance industry started about five years ago and continues at a brisk pace today – with more than 1,200 InsurTech start-ups disrupting fundamental business processes such as policy creation, claims management and distribution.