The insurance industry has often been considered as a slow adopter to change and risk-conscious. Today, several insurance companies are concerned about the speed of technological change in the marketplace. This has given rise to the ‘need for speed’ within the insurance market. This whitepaper tells you how an increased speed of change across all industries is increasing the demand for a new approach that can be helpful for customers and increase growth. This new approach involves the adoption of a digitally operated model, which will be pioneered by the likes of Lloyd's of London.
- Challenges in the insurance market
- How to solve them
- Ramping up collaboration
- How are APIs transforming industries?
- Role of APIs to realise insurance as a platform
- Building an application network by harnessing insurance as a platform