Search
 

InsurTech Center

Commentary

The digital dam is about to burst on America’s insurance industry

Leaders in the insurance industry anticipate massive change, but many are fighting against legacy systems.

By Haywood Marsh | Updated on October 10, 2018
As more providers experiment with these tools, they’ll find better ways to leverage them. Leaders in the insurance industry anticipate massive change, but many are fighting against legacy systems. (Photo: Shutterstock)

The age of the insurance monolith is over. That doesn’t mean established titans are destined to die, or even that they will stop dominating, but it does mean they have to adapt, quickly and continuously, to stay alive. And no one knows this better than industry leaders themselves.

Nearly half of the insurance directors at a recent that “most existing insurers will not survive, at least in their current form.”

Want to continue reading?
Become a Free
PropertyCasualty360 Digital Reader.

INCLUDED IN A DIGITAL MEMBERSHIP:

  • All PropertyCasualty360.com news coverage, best practices, and in-depth analysis.
  • Educational webcasts, resources from industry leaders, and informative newsletters.
  • Other award-winning websites including BenefitsPRO.com and ThinkAdvisor.com.

Already have an account?

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Recommended Stories

PropertyCasualty360

Join PropertyCasualty360

Don’t miss crucial news and insights you need to make informed decisions for your P&C insurance business. Join PropertyCasualty360.com now!

  • Unlimited access to PropertyCasualty360.com - your roadmap to thriving in a disrupted environment
  • Access to other award-winning ALM websites including BenefitsPRO.com, ThinkAdvisor.com and Law.com
  • Exclusive discounts on PropertyCasualty360, National Underwriter, Claims and ALM events

Already have an account? Sign In Now
Join PropertyCasualty360

Copyright © 2024 ALM Global, LLC. All Rights Reserved.