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The insurance innovation imperative

 

Insurers and intermediaries know that innovation has the potential to disrupt their current business and operating models. And they know that they need to innovate faster than their competitors to defend and grow their business. Yet few have found a ‘winning formula’ for embedding innovation into their people, products or processes.

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Digitization: Redefine Enterprise Operation with Binary System to Resolve Two Major Pain Points


By Yang Xiaoling (Chief Digital Officer of China Pacific Insurance (Group) Co., Ltd.)

Jack Ma made a remark in 2008: “If the bank does not change, we will change the bank.”