Business Challenges

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The P&C insurance industry is swarmed with fast changing risk landscape thereby creating innumerable business opportunities for insurers and re-insurers. The C-level executives constantly hear about digital marketing, digital distribution, digital IT architecture, as well as digital technologies such as telematics, automation, and machine learning, to name a few. What exactly is digital transformation from an insurance standpoint?  At broad level, digital transformation of insurance can be defined as offering of improved and personalized customer experience powered by mobile services, AI, machine learning, predictive analytics etc.

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