Spencer Stuart: Overcoming Digital Transformation Challenges in the Insurance Industry

In this publication, Spencer Stuart spoke to senior executives from European insurance companies to discuss the inevitable digital transformation. While such a transition, unlike with other companies and industries, has yet to become prominent in the insurance industry, it’s a change these executives know is coming and are preparing for.

Spencer Stuart discusses the following challenges they have identified that insurance companies are facing as they move toward digital:

• Too much data
• Technology debt
• The importance of board support
• Sluggish cultural transformation
• Talent bottlenecks

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