digitalinsurance.mckinsey.comDigital disruption in insurance: Cutting through the noise | Financial Services | McKinsey & Company
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Title:Digital disruption in insurance: Cutting through the noise | Financial Services | McKinsey & Company
Description:Digital insurance in 2018: Driving real impact with digital and analytics. Highlights from articles this year show the progress that has been made in reinventing the insurance landscape--and suggest more disruption to come.
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Digital disruption in insurance: Cutting through the noise | Financial Services | McKinsey & Company Skip to main content McKinsey & Company Home Industries Industries Advanced Electronics Advanced Electronics Our Insights How We Help Clients Our People Contact Us Aerospace & Defense Aerospace & Defense Our Insights How We Help Clients Our People Contact Us Agriculture Agriculture Our Insights How We Help Clients Our People Contact Us Automotive & Assembly Automotive & Assembly Our Insights How We Help Clients Our People Contact Us Capital Projects & Infrastructure Capital Projects & Infrastructure Our Insights How We Help Clients Our People Contact Us Chemicals Chemicals Our Insights How We Help Clients Our People Contact Us Consumer Packaged Goods Consumer Packaged Goods Our Insights How We Help Clients Our People Contact Us Electric Power & Natural Gas Electric Power & Natural Gas Our Insights How We Help Clients Our People Contact Us Financial Services Financial Services Our Insights How We Help Clients Our People Contact Us Healthcare Systems & Services Healthcare Systems & Services Our Insights How We Help Clients Our People Contact Us Metals & Mining Metals & Mining Our Insights How We Help Clients Our People Contact Us Oil & Gas Oil & Gas Our Insights How We Help Clients Our People Contact Us Paper, Forest Products & Packaging Paper, Forest Products & Packaging Our Insights How We Help Clients Our People Contact Us Pharmaceuticals & Medical Products Pharmaceuticals & Medical Products Our Insights How We Help Clients Our People Contact Us Private Equity & Principal Investors Private Equity & Principal Investors Our Insights How We Help Clients Our People Contact Us Public Sector Public Sector Our Insights How We Help Clients How We Help Clients Overview International Development Our People Center for Government Contact Us Retail Retail Our Insights How We Help Clients Our People Contact Us Semiconductors Semiconductors Our Insights How We Help Clients Our People Contact Us Social Sector Social Sector Our Insights How We Help Clients Our People Contact Us Technology, Media & Telecommunications Technology, Media & Telecommunications Our Insights How We Help Clients Our People Contact Us Travel, Transport & Logistics Travel, Transport & Logistics Our Insights How We Help Clients Our People Contact Us Functions Functions Analytics Analytics Our Insights How We Help Clients Our People Careers Contact Us Design Design Our Insights How We Help Clients Our People Contact Us Digital Digital How We Help Clients Our Insights Our People Careers Contact Us M&A M&A Our Insights How We Help Clients Our People Contact Us Marketing & Sales Marketing & Sales Our Insights How We Help Clients Our People Contact Us Operations Operations Our Insights How We Help Clients Our People Contact Us Organization Organization Our Insights How We Help Clients Our People Contact Us Risk Risk Our Insights How We Help Clients Our People Contact Us Strategy & Corporate Finance Strategy & Corporate Finance Our Insights How We Help Clients Our People Contact Us Sustainability Sustainability Our Insights How We Help Clients Our People Contact Us Transformation Transformation Our Insights How We Help Clients Our People Contact Us Featured Transformation Improving your odds of success for large scale change programs Digital Helping you embed technology where it unlocks the most value for your organization Accelerate Enabling your people to accelerate and sustain the change Featured Insights Featured Insights Trending topics Agile Organizations Artificial Intelligence Davos 2020 Future of Asia Future of Work Gender Equality Innovating Europe Regions in Focus The Truth about Transformation Strategy to Beat the Odds Featured McKinsey Global Institute Our mission is to help leaders in multiple sectors develop a deeper understanding of the global economy. McKinsey Quarterly Our flagship business publication has been defining and informing the senior-management agenda since 1964. Explore our featured insights Careers Careers Home Explore Our People Search Jobs Interviewing Students Experienced Professionals About Us About Us Overview Diversity Diversity Overview Women at McKinsey Sustainability Social Responsibility Media Alumni McKinsey Blog Featured Change that Matters Learn what it means for you, and meet the people who create it Locations Email Subscriptions Sign In McKinsey & Company Home Financial Services Financial Services Our Insights How We Help Clients Our People Contact Us More Search Email Subscriptions Sign In Back to Our Insights Compendium Digital disruption in insurance: Cutting through the noise Back to Our Insights Compendium Digital disruption in insurance: Cutting through the noise Digital insurance in 2018: Driving real impact with digital and analytics Highlights from articles this year show the progress that has been made in reinventing the insurance landscape—and suggest more disruption to come. Read more What's New Blog Post Burning questions from InsureTech Connect 2018: 48 hours at the world’s largest insurtech gathering October 16, 2018 – Seven major questions answered on how investors’ favor can translate into more innovation. Article How traditional insurance carriers can disrupt through personalized marketing August 2018 – Last year, our colleagues in the Marketing and Sales Practice published a piece on personalized marketing. We have adapted the... framework they presented to the insurance industry. Video The rise of ecosystems and platforms: What role can insurers play and how can they get started? July 2018 – In this video, McKinsey senior partner Johannes-Tobias Lorenz introduces the concept of digital ecosystems and discusses the roles... insurers can play in them. I. Digital strategy Blog Post The five trends driving insurtech, live from DIA 2018 May 22, 2018 – At the Digital Insurance Agenda, insurtechs and leading players in the insurance world demonstrated ways they can partner to... better serve their customers. Blog Post How insurers can get the most out of a digital transformation in 2018 February 23, 2018 – For insurers leading the sector in the race to digitize, 2018 is the year to upgrade investment and ecosystem strategies, maximize... data-based value, and acquire the IT talent to better serve business goals. Blog Post What the new world of insurance could look like August 1, 2017 – From a customer’s standpoint, few industries are as ripe for disruption as insurance. Article A strategy for a digital age March 2017 – Few insurers have defined a comprehensive digital strategy fit to withstand attackers at the gate. The starting point is to understand... the sources of disruption. Article Insurtech—the threat that inspires March 2017 – Incumbents need to keep their eyes out for new entrants that use technology to create a strategic advantage. The size of their... share in the next generation of the insurance industry is at stake. II. Digital value capture Blog Post How smart insurers convert digital customers at six times the rate of their peers May 19, 2017 – It’s not just about the demographics. Insurers often point to the age and income of their customer base to explain their struggles... with digital marketing, especially their generally low rate of success in converting online visits into actual policy sales. Article The age of innovation March 2017 – Insurers have a choice: be disrupted or be the disruptor with new products, services, and business models. Article Capturing value from the core March 2017 – Insurers’ existing customers, brands, data, and technical skills are valuable business assets if they can be catapulted... into the digital age. Article Partnerships, scale, and speed: The hallmarks of a successful IoT strategy March 2017 – The Internet of Things both promises to enhance and threatens to ...
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