An insurer fit for the future will harness diverging customer needs and technological progress to transform its people, business model and services.
An insurer will harness diverging customer needs and technological progress
It has been a challenging few years for insurers, but we believe the industry is at a turning point. Insurers have adapted well in a rapidly changing landscape and can now set their sights on growth.
Intense regulatory scrutiny and control will promote transparency and financial strength across the industry. At the same time, developments in technology and data analytics are creating great opportunities for insurers to provide their customers with the right service and products at the right time.
A focus on the customer remains a priority and products must reflect their changing needs and demands. A new generation is entering the marketplace with different perspectives, while existing customers can take advantage of more flexible options.
An increase in mergers and acquisitions means insurers will evolve. This activity will bring additional challenges, as legacy systems are brought together, updated and integrated to ensure the highest quality of service.
With a depth and breadth of industry experience, built upon expertise in audit, tax and advisory work throughout the insurance sector, we can help chart a route to continuing success.
Gary Readers speaks to World Risk Insurance Network on the benefits of public-private partnerships.