Listen to this article
Oracle have recently joined an array of top tier players in inking a commitment towards sponsoring the approaching East African Insuretech forum, that is slated to take place at the Nairobi’s Serena Hotel on the 19thof September 2019. The event will be the first of its kind in the region, and aims to be the bridge between insurance practitioners and the ways in which they can leverage on technology to benefit the economy.
CIO East Africa hosts the forum themed; Connecting the digital future of insurance today, to connect high ranking industry players from both the technology, and insurance spaces to discuss and engage, on the best technology practices to grow the insurance industry, and the economy at large, collectively.
Today’s insurance companies are facing a perfect storm of three converging factors: the struggle to achieve top-line revenue growth, changing customer needs and expectations, and encroaching technology giants and new players taking market share from incumbents,” says Laura Chite, CEO CIO East Africa, adding; “In light of these pressures, innovation is a business imperative to insurance firms.”
In a world that is becoming rapidly technological, new technologies and digital inerfaces have become part of the norm. Alluding to the fact that, for insurers to better engage and attract clientele, they would have to adopt to new strategies bettering risk management and calculation.
Owing to the fact Oracle are on a mission to disrupt old paradigms and open up new opportunities, they boarded the sponsorship bandwagon knowing that their insights and determination would avail solutions that would amount to protection, availability and seamless implementation.