A few months ago, a friend and senior insurance industry professional remarked that hashtag#digitalinsurance in markets like hashtag#Pakistan is a futile exercise and nothing more than a buzzword. He insisted that insurance here would continue to be conducted in the same manner it has been for decades. I couldn’t disagree more, obviously! 🙂
Recently, I had the privilege of engaging with a bunch of hashtag#insurance and hashtag#banking industry professionals while anchoring Digital & Inclusive Insurance Masterclass organized by THE CORPORATER.
As part of the pre-session activities, I invited participants to predict future of digital insurance by summarising their responses across three distinct choices:
1️⃣ Digital is the future of insurance [🔊 90% agreed]
2️⃣ It will remain there but at a smaller/ modest level [>80% either disagreed or were unsure]
3️⃣ It’s just a buzzword with no meaningful potential [87% disagreed and rest were unsure – none endorsed this assertion]
While the results may not come as a surprise to many, I am pleased to see that digital has a promising future in Pakistan-like markets although I do believe that we’ve barely started yet and have a long way to go.
As always, would love your thoughts in comments section…
hashtag#digitalinsurance hashtag#inclusiveinsurance hashtag#insurtech hashtag#digitaltransformation hashtag#instaful Instaful Solutions