As insurance firms navigate the post-pandemic landscape with measures to become more nimble and agile, deliver superior customer experience, and run business as usual, they are realizing the importance of the cloud as a key enabler of growth and efficiency.
In this study, we emphasize that the cloud strategy for insurance firms should rest on the four pillars of experience transformation, data centricity, talent management, and cost efficiency. To manage this transformation, insurance firms will have to rethink customer journeys, develop attractive talent models, and carve out an end-to-end transformation strategy considering their twin objectives of growth and efficiency gains.
Scope
Industry: insurance
Geography: global
Contents
In this report, we examine the need for modernization and change in insurers and provide perspectives on:
The cloud as a driver of change for insurance firms
The combination of business and IT to drive insurers’ cloud transformation agenda
The four pillars to guide cloud adoption for insurers
Insurers deal with a large number of documents in varied formats in their day-to-day operations. The traditional content extraction process has numerous manual touchpoints that make the workstream inefficient owing to frequent human error and associa…
