Ask an insurer if they offer online insurance and then ask the same question to a customer of the service. You will hear different answers. Why? Because they have very different reference points. Insurance companies answer this question by looking back to a time when they didn’t have anything online.
Insurance companies have invested a lot and as a result were very successful in establishing good, stable and vast distribution networks. In most European cities it is difficult to walk couple of blocks without noticing an office of an insurance company or insurance sales representatives.
The digitalization of the insurance industry: Change is about to happen, but how?
A new, fully web-based and cloud oriented solution can enable smaller, ambitious companies to grow tremendously and surpass the current market leaders.