It’s official: For insurers, “digital technology destroys value.” At least, that’s the assertion in a new McKinsey report, “Time for insurance companies to face digital reality.”
Tag: Digital insurance
At the recent Digital Insurance Conference in Austin, I had the opportunity to moderate two panels that highlighted the very different perspectives on disruption that digitalization is having on different segments of the industry.
For its People First: The Primacy of People in the Age of Digital Insurance study, Accenture surveyed 450 insurance executives. Nine out of 10 agreed that “the pace of technology change will increase rapidly or at an unprecedented rate over the next three years.”