Insurance In Nigeria

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Insurance in Nigeria

The Next Frontier for Insurance

11 October 2019
KPMG member firms recognize the importance of innovation in the insurance industry as technology has constantly disrupted this space. The thought leadership materials capture these disruptive technologies and where the industry is headed.

Insurtech 10: Trends for 2019

The insurance industry is on the brink of a major revolution as adoption of insurtech enters a new phase. Data is the driving force for these innovations, as it remains tantalizingly close, but not yet in the full control of many businesses. There are no quick fixes that allow insurers to clean up their data. Insurtech is the means to transform insurance from an arcane policy-led industry into one that succeeds by placing the customer at the heart of everything it does.

Accelerated evolution: M&A, transformation and innovation in the insurance industry

For the insurance industry, the need to find new opportunities for sustainable and profitable growth has become an imperative. Agile competitors are emerging, demonstrating the potential ...
... to leverage technology-enabled business and operating models to more effectively and efficiently engage with customers — and meet their changing preferences and evolving protection needs.

Clarity on Insurance Digitalization

Digitalization – the next stage in technological innovation. As it throws up new opportunities and challenges, the sheer extent and speed of change can be daunting. Yet staying ahead of latest developments is critical to avoiding becoming a ‘digital dinosaur’ who is out of line with customer expectations.

In fact, digital change affects almost every aspect of an insurer’s business, from customer offerings to internal processes. Insurance in Nigeria Given the breadth and speed of change, only a truly agile culture can enable an insurer to continually adapt and reshape itself to stay relevant in this rapidly changing environment. Not to mention becoming a digital leader in customers’ eyes.

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