Innovation Important but Many Insurers Don’t Have An Innovation Plan
The 2020 Global Concerns Survey of insurance leaders by the International Insurance Society has found that 95 percent of executives indicated that innovation was important or very important to their business's success, but just 35 percent had an active innovation plan in place. However, 65 percent of respondents said they were definitely making technology investments in response to the impacts of COVID-19. The results are similar to some other studies. So perhaps not surprising that Accenture work suggests that insurance is one of the industries most prone to disruption. The report
Source: International Insurance Society