Driving Speed-to-Market Through Cloud Agile Technology
New market opportunities require speed and agility.
Speed and agility can require a significant investment in new tech.
This leads insurance leaders to a critical question:
“Is the investment worth it?”
To address this question, Socotra commissioned Coretech Insight to:
Develop profiles for three hypothetical P&C insurers based on actual companies
Identify a new market opportunity for each (personal auto, small commercial/BOP, and cyber insurance) common in the industry
Model results that would be achieved with incumbent systems vs. results with accelerated product launches using cloud agile platforms
Based on our eye-opening findings, it is difficult to over-emphasize the importance of speed-to-market.
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