Technology is changing quite fast and continually bringing a new face to every area of business. New trends are the talk of the day everywhere and include the insurance industry. The more the technology evolves, the more the stakeholders embrace and adopt it. It is about syncing with every development. Consumers change in the way they use insurance and insurers change their business models.
2019 is the year expected to record digital maturity in the insurance sector. This digital transformation brings the highest business opportunity for insurers. Thus, company owners should see to surpassing revenue and achieving high business growth.
With so much change, company leaders are fighting to see that their businesses remain competitive. As Jason Silva quote goes: Technology is, of course, a double-edged sword. It can trim as well as destroy. It depends on your reaction to technological changes. Therefore, many business owners want to be in front and not sidelined by technology. Here are the key insurance trends that will dominate the year 2019.
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