The big standstill: a lack of innovation slows down the insurance industry

Liina Laas-Billson, Black Insurance: A lack of innovation is holding the insurance industry back

As many industries prepare for the fourth industrial revolution and take advantage of the latest technological advances, the insurance industry has yet to catch up. This is not because of his willingness, but simply because of some basic obstacles.

Some of the factors that create this obstacle are company size, extensive legacy and complicated IT processes, and we see …

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