The Next Generation Requires Innovation: Building Tech Enabled Business Models for Growth

We are in the midst of a business model and technology-driven change due to the realization that the decades old operational models and technology foundation, no longer meet the challenges and opportunities of a fast-changing world. We are in a race to prepare for a new future where insurance becomes more relevant than ever. The world has shifted. Insurance must as well.

The breakneck pace of change, particularly technology, is challenging the long-term strategies and plans of insurers, making many of those plans irrelevant or out-of-touch. We are now seeing the business value of innovation in AM Best results and industry benchmarks. This requires an investment in next-gen business model and technology to drive profitable growth and competitive market differentiation. Whether it is bringing new products to market, expanding to new niche markets, or leveraging new technology, there are so many examples of those who are taking advantage of first mover status.

New innovative leaders are strengthening business fundamentals and foundations, while meeting the challenges of a changing market.

They are reallocating resources to change how business is done, developing new business models, replacing legacy core systems, expanding distribution channels, and developing new products. Hear from this panel of industry leaders who are creating a new era of insurance with both a new business model and technology foundation.

Speakers

Jennifer King, Chief Strategy Officer, Boston Mutual Life Insurance Company
Raymond Perez Brayfield, CEO, Insurance Information Institute
Denise Garth, Chief Strategy Officer Majesco, Moderator