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Digital Transformation in Insurance

The insurance industry is undergoing a period of unprecedented change. Large incumbent insurers are seeking replacements for legacy systems to better connect with customers while insurtechs are breaking funding records and flipping traditional insurance models on their heads.

Preparing organizations for change can be challenging, but with the right approach, digital transformation is a rewarding process. All major digital projects carry risk, and special considerations for security, regulatory compliance, and integrations with existing investments can pose a hurdle to transformation as well. 

Carriers are shifting towards greater flexibility, scalability, and personalization, driving the rise of digital ecosystems and cloud computing. Navigating the complexities of digital transformation in insurance requires a coherent, long-term strategy that is flexible enough to accommodate unexpected shifts and new technologies.

Featured Content

Cityscape at night. Blog header image for "Insurtech Challenges on the Way to Nirvana" article.

Insurtech Challenges on the Way to Nirvana

4 May 2022
https://www.globaliqx.com/wp-content/uploads/2019/12/pexels-phil-goulson-2058911.jpg 960 1280 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2022-05-04 03:34:052022-05-04 16:31:16Insurtech Challenges on the Way to Nirvana

How Insurers Can Use Social Media Data in Underwriting

1 April 2022
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Enabling Ecosystems: Golden Rules of Digital Transformation

8 March 2022
…
https://www.globaliqx.com/wp-content/uploads/2022/03/clint-adair-BW0vK-FA3eg-unsplash-1.jpg 1280 1920 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2022-03-08 12:00:072022-03-14 14:26:26Enabling Ecosystems: Golden Rules of Digital Transformation
Man with mobile phone held horizontally demonstrating gamification in insurance

Gamification in Insurance: Theory and Approaches

6 December 2021
https://www.globaliqx.com/wp-content/uploads/2021/12/Gamification-Blog-Post.png 900 1600 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2021-12-06 17:18:532021-12-06 17:18:53Gamification in Insurance: Theory and Approaches
Image showing an interconnected city on a distributed insurance blockchain network

Blockchain in Insurance: What Will the Future Hold?

17 May 2021
https://www.globaliqx.com/wp-content/uploads/2021/05/14.png 1080 1920 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2021-05-17 12:07:212021-06-04 15:20:09Blockchain in Insurance: What Will the Future Hold?

What is Driving Cloud Adoption in Insurance?

9 March 2021
https://www.globaliqx.com/wp-content/uploads/2021/03/What-is-Pushing-Cloud-Adoption-in-Insurance-2.png 1260 2240 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2021-03-09 17:08:342021-05-12 12:15:11What is Driving Cloud Adoption in Insurance?
Digital ecosystems in insurance graphic

Designing a Digital Insurance Ecosystem

8 October 2020
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Woman checking her smart watch.

Telehealth, Smart Homes and Wearables Help Insurers and Customers Thrive

7 August 2020
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AI, Regtech, Personalization and Other Insurtech Trends that will Shape the Industry

28 January 2020
https://www.globaliqx.com/wp-content/uploads/2020/04/Insurtecht-trends-2020.png 506 860 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2020-01-28 04:37:022021-05-25 14:17:35AI, Regtech, Personalization and Other Insurtech Trends that will Shape the Industry
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Popular Digital Transformation Resources for Insurers

Cityscape at night. Blog header image for "Insurtech Challenges on the Way to Nirvana" article.

Insurtech Challenges on the Way to Nirvana

4 May 2022
Read more
https://www.globaliqx.com/wp-content/uploads/2019/12/pexels-phil-goulson-2058911.jpg 960 1280 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2022-05-04 03:34:052022-05-04 16:31:16Insurtech Challenges on the Way to Nirvana

How Insurers Can Use Social Media Data in Underwriting

1 April 2022
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https://www.globaliqx.com/wp-content/uploads/2022/04/dole777-EQSPI11rf68-unsplash-1.jpg 1078 1920 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2022-04-01 17:15:562022-04-06 10:45:33How Insurers Can Use Social Media Data in Underwriting

Enabling Ecosystems: Golden Rules of Digital Transformation

8 March 2022
…
Read more
https://www.globaliqx.com/wp-content/uploads/2022/03/clint-adair-BW0vK-FA3eg-unsplash-1.jpg 1280 1920 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2022-03-08 12:00:072022-03-14 14:26:26Enabling Ecosystems: Golden Rules of Digital Transformation
Man with mobile phone held horizontally demonstrating gamification in insurance

Gamification in Insurance: Theory and Approaches

6 December 2021
Read more
https://www.globaliqx.com/wp-content/uploads/2021/12/Gamification-Blog-Post.png 900 1600 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2021-12-06 17:18:532021-12-06 17:18:53Gamification in Insurance: Theory and Approaches
Image showing an interconnected city on a distributed insurance blockchain network

Blockchain in Insurance: What Will the Future Hold?

17 May 2021
Read more
https://www.globaliqx.com/wp-content/uploads/2021/05/14.png 1080 1920 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2021-05-17 12:07:212021-06-04 15:20:09Blockchain in Insurance: What Will the Future Hold?

What is Driving Cloud Adoption in Insurance?

9 March 2021
Read more
https://www.globaliqx.com/wp-content/uploads/2021/03/What-is-Pushing-Cloud-Adoption-in-Insurance-2.png 1260 2240 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2021-03-09 17:08:342021-05-12 12:15:11What is Driving Cloud Adoption in Insurance?
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Latest Digital Transformation in Insurance Insights

Cityscape at night. Blog header image for "Insurtech Challenges on the Way to Nirvana" article.

Insurtech Challenges on the Way to Nirvana

4 May 2022
Read more
https://www.globaliqx.com/wp-content/uploads/2019/12/pexels-phil-goulson-2058911.jpg 960 1280 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2022-05-04 03:34:052022-05-04 16:31:16Insurtech Challenges on the Way to Nirvana

How Insurers Can Use Social Media Data in Underwriting

1 April 2022
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Enabling Ecosystems: Golden Rules of Digital Transformation

8 March 2022
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https://www.globaliqx.com/wp-content/uploads/2022/03/clint-adair-BW0vK-FA3eg-unsplash-1.jpg 1280 1920 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2022-03-08 12:00:072022-03-14 14:26:26Enabling Ecosystems: Golden Rules of Digital Transformation
Man with mobile phone held horizontally demonstrating gamification in insurance

Gamification in Insurance: Theory and Approaches

6 December 2021
Read more
https://www.globaliqx.com/wp-content/uploads/2021/12/Gamification-Blog-Post.png 900 1600 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2021-12-06 17:18:532021-12-06 17:18:53Gamification in Insurance: Theory and Approaches
Image showing an interconnected city on a distributed insurance blockchain network

Blockchain in Insurance: What Will the Future Hold?

17 May 2021
Read more
https://www.globaliqx.com/wp-content/uploads/2021/05/14.png 1080 1920 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2021-05-17 12:07:212021-06-04 15:20:09Blockchain in Insurance: What Will the Future Hold?

What is Driving Cloud Adoption in Insurance?

9 March 2021
Read more
https://www.globaliqx.com/wp-content/uploads/2021/03/What-is-Pushing-Cloud-Adoption-in-Insurance-2.png 1260 2240 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2021-03-09 17:08:342021-05-12 12:15:11What is Driving Cloud Adoption in Insurance?
Digital ecosystems in insurance graphic

Designing a Digital Insurance Ecosystem

8 October 2020
Read more
https://www.globaliqx.com/wp-content/uploads/2020/10/digital-ecosystems-header-image-1030x687-1.png 687 1030 IQX Communications https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png IQX Communications2020-10-08 11:34:212021-05-27 11:14:11Designing a Digital Insurance Ecosystem
Woman checking her smart watch.

Telehealth, Smart Homes and Wearables Help Insurers and Customers Thrive

7 August 2020
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AI, Regtech, Personalization and Other Insurtech Trends that will Shape the Industry

28 January 2020
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Benefits Insurers Leap Forward with AI-Powered Version of Global IQX Software

1 October 2019
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API, Web Services and Microservices and Their Usage in Digital Transformation

14 June 2019
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Eight Top Insurtech Trends for 2019

22 January 2019
Read more
https://www.globaliqx.com/wp-content/uploads/2019/01/shutterstock_224647339_resized-1-350x350.jpg 350 350 Mike de Waal https://www.globaliqx.com/wp-content/uploads/2020/12/Global-IQX-Logo-Website-Header-1.png Mike de Waal2019-01-22 12:36:432021-04-08 14:44:46Eight Top Insurtech Trends for 2019
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