How can the insurance industry innovate to remain competitive in an evolving landscape? During our annual Reshaping Insurance conference, Carl Hess, Chief Executive Officer, explored how the insurance industry will need to change to meet the increasingly sophisticated needs of today’s society. Watch the full video here: https://ow.ly/eRxp50PSRps #WTWInsurers #Digitization #Innovation #InsuranceIndustry
WTW Insurance Consulting and Technology’s Post
More Relevant Posts
-
I think the insurance industry is not unlike how the property industry used to be ten years ago. There is too much reliance on old skill sets and approaches. I have seen many roles advertised on LinkedIn and various sites stipulating that the applicant "must have extensive insurance experience." The obvious problem with that mindset is that you hire more of the same. The approach to delivering technology has to include all the caveats and experiences from a multitude of business backgrounds to move an organisation forward culturally, and hiring people who do not have that diverse background is shortsighted. It is not a new problem. I remember banks doing this with the retail/investment banking divide; I remember suppliers and vendors doing this with a lack of commercial acumen. I am sure there are many more examples that I do not know. Organisations need to change their hiring and perhaps be braver and wider in thought. It doesn't have to be risky; it needs to be more innovative.
How can the insurance industry innovate to remain competitive in an evolving landscape? During our annual Reshaping Insurance conference, Carl Hess, Chief Executive Officer, explored how the insurance industry will need to change to meet the increasingly sophisticated needs of today’s society. Watch the full video here: https://ow.ly/eRxp50PSRps #WTWInsurers #Digitization #Innovation #InsuranceIndustry
To view or add a comment, sign in
-
How can the insurance industry innovate to remain competitive in an evolving landscape? https://ow.ly/HFPr50PSOxI During our annual Reshaping Insurance conference, Carl Hess, Chief Executive Officer, explored how the insurance industry will need to change to meet the increasingly sophisticated needs of today’s society. #WTWInsurers #Digitization #Innovation #InsuranceIndustry
To view or add a comment, sign in
-
EY Leader Chris Barford highlights the key findings of the new Insurance report – How insurers drive successful transformation in a challenging environment. Explore more as he shares valuable insights, case studies and strategies that can propel your insurance company forward. Speak to EY teams today. https://go.ey.com/476Zw0G
To view or add a comment, sign in
-
As we turn our minds to the year ahead, explore three key factors likely to drive the Australian insurance sector’s agenda in 2024 and influence industry priorities for the upcoming year. Read more: https://go.ey.com/3tnsJXg
Innovation, societal value and building trust will be top of mind for insurers in 2024. Read more in Oceania Insurance Leader, Walter Poetscher’s latest blog: https://go.ey.com/3tnsJXg
To view or add a comment, sign in
-
-
Off the back of our recently released Global Insurance Outlook 2024, Walter Poetscher, EY Oceania Insurance Leader, takes a look at how three of the key trends identified might apply to the Australian insurance sector in the year ahead. Find out more here: https://go.ey.com/3tnsJXg #EY #insurance #EYInsurance #financialservices
Innovation, societal value and building trust will be top of mind for insurers in 2024. Read more in Oceania Insurance Leader, Walter Poetscher’s latest blog: https://go.ey.com/3tnsJXg
To view or add a comment, sign in
-
-
Innovation, societal value and building trust will be top of mind for insurers in 2024. Read more in Oceania Insurance Leader, Walter Poetscher’s latest blog: https://go.ey.com/3tnsJXg
To view or add a comment, sign in
-
-
Catch us at 10th Annual Global Insurance Symposium in Iowa tomorrow and find out how we can help our insurer partners create additional revenue streams and enhance product profitability. #InsuranceIndustry #FutureOfInsurance
To view or add a comment, sign in
-
-
Starting a new business venture this spring? Ensure its success with comprehensive insurance coverage. Our expert advisors are here to guide you through the process, offering personalized solutions for your industry. #BusinessVenture #InsuranceAdvisor #DPSInsuranceSupport
To view or add a comment, sign in
-
-
After last week's Shaping the Future of Insurance conference, we spoke to Caroline Martin and Shân Millie about the insightful topics covered during the event. Listen here: https://ow.ly/aLiO50PQeJQ #CIIFuture
To view or add a comment, sign in
-
In 2024, Australian insurers anticipate a challenging year with strong demand for natural catastrophe insurance, increased post-COVID-19 health awareness, and rising property and motor premiums driving market growth. Explore further in the latest blog from Oceania Insurance Leader, Walter Poetscher: https://lnkd.in/ge6_UaDv #financialservices #insurance
Innovation, societal value and building trust will be top of mind for insurers in 2024. Read more in Oceania Insurance Leader, Walter Poetscher’s latest blog: https://go.ey.com/3tnsJXg
To view or add a comment, sign in
-
CIO/Digital Change Consultant @ Evangelize Consulting | Business Consulting, Transformation
10moI think the insurance industry is not unlike how the property industry used to be ten years ago. There is too much reliance on old skill sets and approaches. I have seen many roles advertised on LinkedIn and various sites stipulating that the applicant "must have extensive insurance experience." The obvious problem with that mindset is that you hire more of the same. The approach to delivering technology has to include all the caveats and experiences from a multitude of business backgrounds to move an organisation forward culturally, and hiring people who do not have that diverse background is shortsighted. It is not a new problem. I remember banks doing this with the retail/investment banking divide; I remember suppliers and vendors doing this with a lack of commercial acumen. I am sure there are many more examples that I do not know. Organisations need to change their hiring and perhaps be braver and wider in thought. It doesn't have to be risky; it needs to be more innovative.