The Digital Promise: Operational Challenges, Approaches, and Progress for European Insurers

In collaboration with Sionic, a specialised consulting firm, we engaged with C-Level executives and Heads of departments from European Insurance firms to assess their progress on the digital transformation journey and identify the key operational obstacles holding them back. The outcome of this endeavor revealed crucial insights on data strategies and peer reviews including:

• 90% of respondents still find it challenging to access data.
• 90% of respondents do not believe their current operating model can support future business needs.
• Larger insurers are still significantly hindered by manual intervention, whilst smaller insurers are struggling with regulatory reporting requirements.

So, what is the Digital Promise? And how critical are data strategies to future-state insurance operating models? Download the report to find out more.