Anthony Day, partner & international head of insurtech, DLA Piper
Without proper due diligence and managing the regulatory risks effectively, the process of digital transformation can have many pitfalls. Anthony Day, partner and international head of insurtech at DLA Piper, outlines how to plan and successfully implement digital change.
The pace of digital transformation within the re/insurance industry is accelerating, bringing with it a host of new possibilities, cost savings and business opportunities. However, digital transformation also comes with challenges and, for the ill-prepared, unforeseen pitfalls.
To successfully implement new technologies, it’s vital to understand the forces driving the change, get all your stakeholders behind it, and carry out the correct due diligence.
Anthony Day, partner and international head of insurtech at DLA Piper, sees five main drivers of digital transformation within the industry. First is consumer behaviour, which is primarily influencing the more consumer-driven, general insurance areas, but this, in turn, is influencing the corporate/reinsurance arena, with organisations looking to adopt similar approaches and methods.
DLA Piper, Technology, Digital, Artificial Intelligence, Cyber, Insurance, Reinsurance, Anthony Day, North America