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Why is it so crucial for insurers to arm themselves with the most modern tech stack?
Well, the whole insurance industry is changing. In fact, McKinsey predicts that over half of claims activities will be automated by 2030. Meanwhile, Bain says automation and related technologies will usher in 50% lower operating expenses for insurance companies.
Savvy insurers know that this is nothing short of a paradigm shift for the industry. So, what’s next?
Those who act quickly to transform their operations will outpace their competition for years to come. Read on to learn why now is the time to put automation at the center of your operating model.