Lessons from China's Insurtech Leaders
Western insurance companies have a lot to learn from the insurtech leaders in China—specifically their strategies for fostering and managing digital innovation.
Sweeping technological advances have created major growth opportunities in the insurance industry, both for industry leaders and innovative third-party providers who can adopt an agile business model. Insurers that reinvent their consumer engagement models, digitize distribution and operations, and embrace big data and analytics will lead the industry. Explore BCG's latest publications on insurance to chart your digital path.
Western insurance companies have a lot to learn from the insurtech leaders in China—specifically their strategies for fostering and managing digital innovation.
Successful digital transformations in the insurance industry are often easier said than done. Learn how to start, enable, and scale digital transformation in the insurance industry from BCG's digital insurance experts.
Insurers investing in data science projects should focus on three critical dimensions: time, value, and certainty.
The best engines cover the entire data life cycle—from sourcing and analysis to integration into decision making.
BCG’s Latest Insurance Insights
The insurance industry is entering a new era. Follow BCG on Insurance on LinkedIn for a collection of insights and news from BCG’s Insurance practice, covering all sectors of the industry.
The only recipe for corporate survival in insurance is profitable growth above the cost of equity—requiring a strategy of two interconnected components.
It takes hard work—and a transformational mindset—to grow in the mature and competitive insurance marketplace.
Companies are revolutionizing how people work. Now they need to transform how managers manage.
BCG’s Pia Tischhauser discusses how crucial it is for insurance companies to offer products that will only add true value. To do so, they need to become more customer centric—and finally go fully digital.
Want to boost customer satisfaction? Take a tip from today’s technology leaders and offer personalized interactions, faster response times, and greater transparency.
According to BCG's Lucy Pilko, the need for protection against cyberrisk is "clear, compelling, and growing," but insurers need to understand a lot more about the risk they are taking on.
As cyberattacks—and government regulations—increase, insurers are uniquely positioned to help their customers improve cyber awareness and better understand and manage the risks ahead. A report from the Geneva Association, with contributions from BCG Platinion, provides the latest insights.
Insurers must treat cyberrisk in much the same way that they treat traditional insurance risk—by defining the level of exposure they are comfortable with and prioritizing investments accordingly.
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