KPMG: Empowered for the future – Insurance Reinvented

June 24 2016

There is an increased sense of urgency in the air, with many established insurance companies seeking to reinvent themselves to remain relevant for their customers in a changing world.

While most sector participants know their business and operating models need to evolve, KPMG International’s experience and research suggests that the vast majority struggle to extract the full value from their transformation initiatives. Only 5 percent of insurers surveyed said that their transformation efforts were ideal; and 42 percent said that their lack of change management acumen is a barrier to successful transformation.

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