There are transformational changes on the horizon that are putting existing insurance business models at risk. The insurers that adapt will focus keenly on the customer, build their analytical capability, and have a superior capacity for innovation and reinvention. They’ll also be able to anticipate – not just react to – change, and be nimble enough to quickly capitalize on emerging opportunities.
Businesses that fail to respond could find themselves priced out of the market, falling short of customer expectations, and under threat from aggressive new entrants.
PwC is here to help
As the leading provider of professional services to insurance companies (including 38 of the 40 insurers in the Fortune 500), PwC has extensive knowledge of the issues, trends and challenges that insurers face, including: