Disruption in Insurance and Financial sector is inevitable – as the economy settles with the new normal, companies will be assessing what the new reality will mean for their operations, how they can come out in front of their competitors, and what were the learnings.
This is a pivotal time for organisations to look at which functions within the business need to scale up, which can be and must be transformed, and which investments in technology need to be accelerated to help address some of their most immediate needs and to build their capability for the long run.
Business leaders know that digital innovation is key to staying relevant and ahead of the pack, but are unsure HOW they can embrace technology and make it a core value that can deliver sustainable iterative change with agility – smart solutions that can move the dial now by reducing overheads, pricing better, settling claims faster, and more.
Disruptors of tomorrow are the ones that start with new technologies to engage with the customers of tomorrow – Lemonade, Uber, Netflix, Spotify, to name a few.
Innovators like FWD, BIMA (funded by Allianz X) are using the transformation capabilities of the modern, low-code development platforms to build entirely new systems with remarkable speed; while, established players like ING, Santandar Bank, Credit Agricole, AXA, BPI, Global, Zurich, Liberty, and Van Ameyde are also using low-code to drive innovation and stay ahead of the competition. Think Money completely transformed and digitalised its customer facing apps in 14 weeks flat!
Focus Network, in partnership with OutSystems, will bring IT leaders from New Zealand together as Angus Kennedy, CTO Tysers Insurance Brokers and at Systems iO, London, as he brings global and London market insights around success in the Insurance and Finance industry focusing on core transformation and overcoming the drag of legacy to drive revenue and customer experiences.
- Business is never off-the-shelf hence our approach to innovation can never be-off-the-shelf
- How to build a transformation velocity that is responsive to business need and external influences
- Adopting a modern, development – platform without overwhelming the business and taking too much risk