Essential Guide for Insurance Companies to Compete in a New Business Era #infographic

Many insurance companies have built a successful business with the ability to assess and address business risks, manage between expenditure & revenue, and provide compensation to customers affected by misfortune. Yet once they enter a new business age, they need to rapidly adapt business models to broaden their market.

Digital disruption is the main reason insurers need to change certain aspects of their business to compete in a new business era. Digital technology is spreading rapidly throughout the insurance sector and undermining many of its traditional business models and work, such as underwriting, policy management, claim processing, customer engagement, etc ....

infographic by: www.cogneesol.com