Blog: Digital drivers for insurance innovation
Digital insurance is a rising trend. As mobile-only banks emerge, it will surely not be long before insurance providers follow suit. Digital is moving the goalposts on customer expectations regarding speed and efficiency. But with most of their technology budget allocated to run spend, instead of change, insurers risk being left in the dust by other, more responsive services.
The average adult checks their mobile phone 150 times a day, according to Microsoft. The seeds of a mobile-first insurance business are germinating in current technology.
Telematics and the Internet
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