Digitization, end-to-end workflows where production processes are fully automated, has transformed many other industries. This includes space, personal finance (outside of US), automotive and commerce. The insurance industry has lagged in the transformation and risks being upended by more agile entrants into the market. You will learn how insurance companies of the future can remain competitive through reframing the view of business user versus IT to business coder and business ops.
Attend this session and you’ll:
• Discover the fundamental view of internal processes that differs from the traditional insurance model versus companies that have come to dominate their space (such as Amazon in Commerce, Tesla in automotive, Ant Financial in consumer finance and SpaceX in space/defense).• Learn some of the reasons why insurance hasn’t yet been upended like other industries. • The skills that business users, including actuaries, will develop in this new model.• How lines between traditional business units and IT will change through transformation• The first step for a company getting started
Track: Cultivating Future Opportunities