Insurance has been going through a digital revolution. Customer channels and analytics as well as operational claims and underwriting processes have become digitized in recent years. Following these early digitization initiatives, the winds of change have spread to the Finance and Actuarial functions.
The drivers of change for Finance Transformation are well known and tend to be driven by 3 macro-trends:
- Increased market competition and the corresponding pressure on Finance to deliver business insights and enable enterprise-wide change.
- Antiquated legacy Finance and Actuarial platforms that are unable to deliver the wider transformation that the c-suite is looking for from Finance.
- Digital technologies approaching maturity and delivering proven value to insurers who are already on the Finance Transformation journey.
In this webinar, representatives from EY, Transamerica, and Aptitude Software will be discussing Finance Transformation in insurance.