This is a very quick read out of Bermuda Reinsurance Magazine on a Price Waterhouse Coopers Annual Global Survey of insurance company CEO’s…
Some fun facts for this link that I found of interest:
– “79% of insurance company CEO’s cite data and analytics…as providing the greatest potential contribution to improving engagement with customers”
– “70% of insurance CEO’s are making important changes to the way they use technology to assess and meet customer needs…”
– “64% of insurance CEO’s are making significant changes to the way they define and manage risks…”
– 79% see cyber threats as a barrier to growth”
Stephen O’Hearn, global insurance leader at PwC, commented: “Findings from our survey underline the fact that those insurers that are out in front are embracing technological disruption as a growth opportunity rather then a threat… they are also seeking out new sources of data and making the most of client touch points to enhance customer experience, outcomes and whole new possibilities in what the business can deliver”
Great read and could not agree more. Thanks AB.
– PRH
http://www.bermudareinsurancemagazine.com/news/insurance-execs-changing-technology-use-pwc-2410?utm_source=Insurance&utm_campaign=9b304fae0f-
Bermuda_Re_Daily_News_19_02_2016&utm_medium=email&utm_term=0_f246694353-9b304fae0f-26024537
