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The barriers to insurtech and the industry’s efforts for digital transformation

March 30, 2023


“The insurance industry is traditionally risk-averse, which can create a barrier to the adoption of new technologies,” according to Thoughtworks domain specialist Davnit Singh (pictured above). In conversation with Insurance Business’s Corporate Risk channel, Singh summed up some of the key barriers between insurance companies and digitalization and how the resistance of some insurers to digitalization can be tackled with the right mindset from the industry at large.

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