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