There is a clear sense of urgency in Southeast Asia to upgrade legacy insurance systems as soon as possible.
Recent research shows that in Singapore, 63% of those in the insurance industry plan to upgrade in 2024.
Singapore is also placing a heavy emphasis on onboarding customer-centric technology (70% compared with 41% overall). Singapore has traditionally been under-served by technology, and organizations in-region are looking to turn this around and provide true value to the customer with their technology investments.
The message is clear - if businesses want to stay competitive in a highly competitive market like Southeast Asia, the time is now to upgrade legacy systems.
Get in touch to see how Intellimin’s award winning insurtech platform can help you get ahead of the competition.
*source- 'Legacy Out, Digitalization In: The State of Modern Insurance Technologies 2024'
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