Increasing Resilience, Profitability, and Sustainability in the Insurance Industry - Futurum Tech Podcast The Intelligent Enterprise Industry Series

This episode of the Futurum Tech Podcast - Interview Series is the eighth installment of our Intelligent Enterprise Industry Series — done in partnership with SAP. I welcomed Lance Senoyuit, an executive advisor for the financial services industry at SAP to discuss how he is helping organizations focus on furthering their intelligent enterprise story.

 

The Interconnected Insurer

 

SAP recently partnered with Oxford Economics to conduct a research study to identify how an interconnected mindset impacts organizations. It also covers the industry's progress to date, along with challenges, benefits, and best practices that are facing the insurance industry. The report includes findings from 3,000 senior executives, including 300 from the insurance sector.

 

My conversation with Lance revolved around the following:

 

• How the insurance industry is doing in 2020 as a result of the pandemic.
• The digital transformation initiatives organizations in the insurance industry are undertaking.
• How organizations within the insurance industry are innovating a mostly stagnant industry.
• Ways insurance companies are approaching recruiting and retaining talent.
• The data silos that currently exist in the industry and how the leading organizations are eliminating them.
• The landscape of insurance partnerships.

 

Lance and I explored some of the findings of the Oxford Economics report: The Interconnected Insurer that will have a big impact on the future. We only explored a few topics in the report and there's so much more to it. If you're interested in a comprehensive view of the subject download The Oxford Economics report on the Interconnected Insurance sector here.