BUSINESS

5 Major Predictions of the Insurance Industry in 2022 and Beyond
BUSINESS

5 Major Predictions of the Insurance Industry in 2022 and Beyond

As the industry works through the process of re-imagining itself and insurance software solutions investments continue to reach new highs, here are 5 major predictionsof trends the insurance industry will face in 2022 and beyond: Prediction 1: Insurers who have not defined a specific enterprise-widestrategy and vision will mis-play digital transformation Digital transformation is essential in order for insurers to remain competitive in the marketplace. But the way in which this modernization is achieved is just as important. All organizations find themselves somewhere along the continuum of digital transformation right now. Some are engaged in modernization of aging core systems. Others are utilizing the power of APIs to address customers’ digital experience expectations. All are ...