Achieving digital transformation in the insurance industry

| April 23, 2019

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Research has consistently shown that senior management within the insurance sector think digital transformation is critical to their business. While executives see transformation as essential, achieving success is proving to be much more difficult, with a global report recently published by Cap Gemini suggests that insurance companies are lagging behind other Financial Services organizations. Digital transformation in Insurance: Are companies really trailing? The benefits of digital transformation in insurance are clearly understood, but the digital transformation journey has only just begun for the vast majority of companies and executives are finding it’s more challenging than they expected. As McKinsey starkly puts it: “Acknowledging the urgency to undertake a digital transformation – both to reap its rewards and fend off threats – is one thing. Knowing how to manage one is quite another … This remains virgin territory because no one in insurance has yet completed a transformation – it could take as long as a decade.” However, at OpenText™ we see a different story.

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Alfalah Insurance Company Limited

Alfalah Insurance Company Limited, is one of the latest ventures of Abu Dhabi Group in Pakistan. Alfalah Insurance started operation towards the end of 2006 and since then we have already established offices in major cities of Pakistan.

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