Insurers, consider investing in IT for success in today’s market.

May 11, 2024
1 min read


TLDR:

Key Points:

  • Insurance sector facing digital transformation dilemma
  • Expert suggests collaboration with IT partners for innovation

Should insurers invest in becoming an IT organisation?

As industries adapt to the digital landscape, the insurance sector is grappling with the decision to invest in becoming full-fledged IT organizations or focus on core insurance products. John Pyall, of Great Lakes Insurance SE, advises caution and collaboration with IT partners for innovation. He highlights the importance of organizational culture and partnering with external experts for navigating challenges and staying competitive in a rapidly evolving industry. The article also introduces the Professional InsurTech Certificate course, which provides in-depth exploration of InsurTech tailored for professionals in the insurance industry.


Latest from Blog

Your Daily InsurTech Briefing – 2024-05-24

Let’s see what’s in the news today. Briefing: Two Insurtech 50 firms collapse amid continued investor … ‘Investors are becoming more democratic in their funding allocations,’ says global head of insurtech Read

Clara Analytics broadens insurance lineup.

CLARA Analytics Article Summary TLDR: CLARA Analytics, a leading AI technology provider for insurance claims optimization, has appointed Wayne Chung as CTO and Mark Tainton as Chief Customer Officer. Chung brings cybersecurity

Your Daily InsurTech Briefing – 2024-05-23

Let’s see what’s in the news today. Earnix and Exavalu partner to revolutionise property & casualty insurance pricing Earnix, a leading global provider of AI-based SaaS pricing and rating solutions for financial