News Deck – Week 34 Preview

Already, insurers with more sophisticated IT capabilities have an obvious advantage in terms of agility, growth, and cost ratios, and they are better able to match the increased need for digital offerings. And insurers with market-leading analytics capabilities have a five-year revenue CAGR that’s four times higher than that of competitors. (McKinsey)

In this week’s edition of News Deck, we have collected together stories from across the industry, including:

  • Sparkassen Versicherung, one of Germany’s largest building insurers, is consequent on the shopping tour and acquires the first own reconstruction company bocquel-news (German)
  • Insurers are moving ahead full steam on their digital transformation journeys after tactical responses in the last year, with focus on enabling a remote workforce and providing critical digital capabilities to agents and policyholders – then the technology roadmap became the subject of major review and SMA’s most recent survey shows that there is a significant rethinking and reprioritizations, with almost 60% still saying they are reshaping or accelerating plans and the next years are likely to see a further leap forward in the transformation PC360° (English)

Read the full report here