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Tag: insurtech

Digital Transformation in Insurance

The insurance industry stands at a critical juncture in its technological evolution. As traditional insurers face mounting pressure from InsurTech disruptors and changing customer expectations, the need for successful digital transformation has never been more urgent. This article examines the current state of digital transformation in insurance, analyzing both challenges and proven solutions to provide a strategic roadmap for business and IT leaders. # Understanding the Current Landscape ## Digital Transformation Components Digital transformation in insurance encompasses three core elements: