THE INSURANCE INDUSTRY'S KODAK MOMENT

  • One of the most fundamental problems at the core of the insurance industry is – most insurance companies do not have a deep understanding of their customers
  • Relationship-building is often condensed into cross-selling or feedback requests via cold-calls and mail merges with zero empathy or unique understanding of individual customers e.g. cold-calling an introvert, or offering car insurance to someone who does not drive
  • In the quest for digital transformation, leaders must ask themselves, “can they carry on thinking they can get through the old way?” Or, should you make a change? But, if everyone else is changing, and quickly, can you really afford to be a Kodak? Do you want to be that organisation?

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