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Digital Transformation myths in insurance
In recent years, the tech world has made a sizeable dent in the insurance world. The launch of technology based start ups, such as Wrisk, Brolly and Cuvva has made bare the fundamental fact that the insurance industry was not really synonymous with technological development.
That is changing. Many insurers are now embracing digital transformation as their keystone strategy. Spurred by customer demand, the challenge from the new entrants and advancements in an ever more sophisticated supply chain, insurers know they have to adapt to thrive.