There’s been a huge amount of reporting on the economic impact of Covid-19 on insurers, much less on how they are responding to the change.
This report details the results of the survey and explores how, through partnerships with established tech innovators and new ways of working across distributed teams, insurance companies are able to accelerate the delivery of their digital business.
- All respondents are currently reviewing their strategy, with the large majority prioritising the near-term digitisation of their business – targeting specific parts of their operation.
- There is currently no commitment to increase or decrease budgets, rather to target spend against particular parts of the operation.
- Each and every one of the respondents cited the same challenge: accelerating delivery of their activity.