This is an era of unprecedented change for the insurance sector. New technologies, new customer expectations, new regulations and new competitive pressures are rapidly disrupting the traditional insurance business model. In this environment, insurance organizations have no choice but to adapt.
The good news is that the vast majority of insurance executives intuitively know they need to be more innovative. In fact, according to a recent report by KPMG International, more than 80 percent of insurance execs now draw a direct correlation between their organizations ability to innovate and its future success.