Why Are Insurance Business Models Changing

⁣This video explains why insurance business models are changing. To adapt to the next generation of insurance, insurers must examine five crucial factors when designing efficient business models. The reasons are as follows: 1) Direct digital and embedded sales will become significant growth channels 2) Insurance will be extensively woven into customers' daily lives due to subscription revolution 3) As the cloud and new connections enable radical innovation, ecosystems will grow 4) The ability to see and respond to risks in real time will become a reality 5) AI adoption will hasten change