Is Your Tech Stack Holding You Back from a Full Digital Transformation?
2020 was a crazy year! The business world had to quickly adapt to unheard of challenges; and technology helped many to survive the crisis. Whatever will be the new normal in 2021, organizations know that they must optimize their tech stacks to continue to meet the challenges. The insurance sector has historically been cautious when it came to new technology but 2020 has made it imperative to take learnings from the year and make smart investments in technology. However, many companies might not have the resources to invest in full scale modernization. This will require insurance providers to prioritize flexible technologies that can integrate with existing systems. A KPMG study titled The COVID-19 catalyst: Insurers race to digitize found that 85% of insurance CEOs said that the pandemic was the reason they took to next-gen operating models. Yet, not all companies investing in tech upgrades are actually on the path to di...