Ninety-five million. That’s the number of American adults without life insurance, according to LIMRA. Despite it being a pivotal part of financial protection, many consumers are still not putting a priority on buying life insurance because they feel daunted by the task. And, considering the current system, we can’t blame them. A medically underwritten policy can’t be purchased online and the lengthy four to six weeks it can take to receive final policy approval and coverage can make buying life insurance seem like a chore. More >>
Shifting the Life Insurance Landscape in a Digital World
26
Aug
Technology plays a fundamental role in how businesses improve to gain a competitive advantage. Corporations, particularly insurance carriers, face more technological innovation and choice than at any time in history, leading to rapid digitalization of traditional, legacy business and giving rise to new “digital business” models that are reshaping the competitive landscape. How well insurers manage and sequence their individual migrations and overall enterprise transformation to digital business will determine their success or failure in the new digital world.