The latest results still show major problems, but they have some digital assets that could be of great help to an incumbent insurer, and for a modest price.
Investments in digital, AI and connected world technologies remain top priorities for insurers, but they are being strategic about how they accelerate certain technologies.
Carriers can bundle products, enable direct mobile sales channel distribution and offer relevant, affordable and flexible coverage to the underserved market of gig workers.
We all agree that digital is the future -- and even the present. But ACORD finds that 25% of insurers haven't fully digitized their value chain, and 10% have done nothing.
With increased adoption of APIs (application programming interfaces), embedded insurance products can seamlessly integrate into third-party buying processes.