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Three out of four insurance executives view partnerships and ecosystems as essential to creating competitive advantage, according to Swiss Re. (Photo: metamorworks/Shutterstock.com) Three out of four insurance executives view partnerships and ecosystems as essential to creating competitive advantage, according to Swiss Re. (Photo: metamorworks/Shutterstock.com)

The long-term impact of the COVID-19 pandemic appears to have accelerated several tech-related adoptions across insurance. In fact, even before the onset of the pandemic, insurance businesses had already started to realize the need to seamlessly interact with their vendors and partners.

However, the sudden shift to remote work likely confirmed the need to strengthen digital platforms and processes. This shift also potentially exposed just how reliant insurers are on their key suppliers and partners, bringing the subject of ecosystems top of mind for the insurance businesses and providers.

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