Untapping the value of digital: Insurance Finance Transformation in the digital age
Insurance has been going through a digital revolution. Customer channels and analytics as well as operational claims and underwriting processes have become digitised in recent years. Following these early digitisation initiatives the winds of change have spread to the Finance and Actuarial functions.
The drivers of change for Finance Transformation are well known and tend to be driven by 3 macro-trends.
1. Increased market competition and the corresponding pressure on Finance to deliver business insights and enable enterprise-wide change.
2. Antiquated legacy Finance and Actuarial platforms which are unable to deliver the wider transformation that the c-suite is looking for from Finance.
3. Digital technologies approaching maturity and delivering proven value to insurers who are already on the Finance Transformation journey.
In this webinar Aptitude Software, EY and Transamerica will be discussing Finance Transformation in insurance.
In this webinar you will hear insights from EY on market best practise and Transamerica who are currently undergoing a transformation programme.
Key Learning Objectives
- What are the key drivers for change and what are the key triggers for action?
- What benefits are insurers getting from their FT programmes and what is the typical ROI?
- What sort of transformation is needed – which technologies give the biggest bang for the buck and what does this mean in terms of operating model and people changes?
- How do insurers typically tackle what can be a daunting transformation journey, where do they start and how do they build a consensus for change?
