When every other industry embraced digitalization, the majority (58%) of insurance executives admit that insurance trails far behind the trend, according to a report from Willis Towers Watson. Companies seem to understand that the shift towards digitalization is essential, taking that leap has been challenging, According to Slayton Search Partners.
One of the biggest reasons behind the reluctance to adapt is the complex regulatory environment that underlies the insurance industry.
But, what happens when an insurance company fails to transform? How does a fear of becoming obsolete stand up against the fear of failure?
Slayton Search Partners discuss the following:
Disruptive technologies in the insurance industry
The impact of digitalization in the insurance industry
Hiring digital talent in the insurance sector