Webinars in The Insurance Industry – What Benefits Can They Bring?

The traditional age of insurance is now replaced with the hyper-digitized market dynamic that is influencing all industries. The evolving market forces and technological advancements leading many insurance carriers to reevaluate their distribution sales strategies, and the traditional agency model is falling under deep scrutiny due to the threat of direct channels and increased customer demand for digitalization and ease of use.

The implications of digital will extend into operational efficiencies, the customer experience, the changing risk landscape, and products. Digital transformation will be required in life & wealth and property & casualty, both commercial and personal lines, as well as reinsurance.DXC hosted a live webinar on how to make the most out of your digital transformation journey. We discussed how leaders in the industry now are striving to build an organizational and technological platform to allow for rapid response to opportunities and threats in the marketplace. This is where true digital transformation becomes a possibility. .

In this webinar, based on McKinsey's global insurance report, we tackle some fundamental issues facing the industry that are seldom confronted: Insurers have spent years aggressively consolidating to achieve scale and innovating to improve productivity. Without notable success. What is going wrong? Many insurers are proceeding cautiously in the face of potentially massive risks such as cyber and extreme weather, to optimize profitability.

Cyber liability is fast becoming the last frontier of the insurance world. As event after event occurs, the question now before us is whether insurance and risk mitigation will advance quickly enough to stem the tide.In this webinar, an expert panel will discuss Key cyber events from 2018, examining the methods used by cyber criminals and the loss experiences.Assessing the cyber insurance market and providing an update on it. Coverage is increasing to the point that buyers have more leeway than ever in securing terms.