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Technology transformation. The top three digital transformation myths are preventing insurance leaders from growing their businesses with speed, scale and efficiency. (Photo: tippapatt/ stock.adobe.com)

Google “digital transformation in insurance,” and you will find claims of the trend being in full swing. But is it?

Compared to other sectors, insurance has been slower to modernize digitally. To change this paradigm, tech vendors line up at insurers’ doors, promising silver bullets to operational challenges. But often, technology becomes a Band-Aid for deeper challenges rather than a catalyst for meaningful change.

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