U.S. Insurance Carriers Turn to Technology Platform Providers to Weather the Pandemic
The 2021 ISG Provider Lens Insurance Platform Solutions Report for the U.S. finds the pandemic served as a catalyst for digital transformation efforts in the insurance industry.
- The 2021 ISG Provider Lens Insurance Platform Solutions Report for the U.S. finds the pandemic served as a catalyst for digital transformation efforts in the insurance industry.
- Many insurance carriers that had been lagging behind in technology adoption are now adopting and deploying technologies that will help them remain agile, said Paul Schreiner, ISG partner for the insurance industry.
- Modern insurance platforms are helping carriers operate more efficiently, lower costs, comply with ever-changing regulations, and accelerate the development of new products for continued growth.
- Insurance platform providers are enabling carriers to harness the power of their data to create new insights and gain efficiency, the report says.