The increased risk of weather events related to climate change, higher mortality rate due to pandemics, new competitors and growing customer expectations are just some of the many reasons why digital transformation should start primarily in the area of claims handling process in insurance.
One of the tasks of product managers in insurance companies is often looking after a specific part of the product portfolio. This means a multitude of different tasks and goals, so it is impossible to imagine doing such a pile of work without a well-thought-out strategy and support of new technologies.
There is some confusion surrounding the concept of the cloud. We typically associate the term only with the SaaS model: online application and software, paid for with a simple subscription fee. Software-As-A-Service is not the only cloud option, though, and sometimes there’s a better solution for the insurance and finance industry.
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