New services for consumers and businesses - driven by innovations in digital technology - are spreading rapidly in many industries.
However, the insurance industry has been slow to embrace digital innovation. Technologies are emerging faster than ever, and their application in insurance is not clear.
What technologies and trends should insurers focus on?
Pioneer Consulting Asia-Pacific has identified relevant trends and technologies that have the potential to influence all stages of the insurance value chain, from insurance product design through to claims processing.
We have highlighted trends relating to insurance product design:
Exhibit 1: Leveraging on emerging trends to innovate in insurance
We have also showcased how disruptors emerging in other sectors might be harnessed in the insurance field:
Exhibits 2 and 3: Harnessing digital disruptors in other fields to drive innovation in insurance
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