How Markel's digital transformation strategy can boost insurers

Legacy systems can sometimes hinder organizations, yet with a strategic approach, they can spark innovation and foster growth. West Monroe offers insights into revamping core systems to unleash business potential, stay ahead in the dynamic market, and leverage IT transformation as a key strategic asset. Discover how to pivot legacy challenges into opportunities for advancement and gain a competitive edge in today's rapidly evolving landscape. #ITTransformation #Innovation #DigitalStrategy #WestMonroe https://lnkd.in/gba6VeCk

Every industry has its hurdles, but for insurance, the current landscape is particularly complex:  -Rising severity and frequency of catastrophic losses.  -Increasing regulatory scrutiny and evolving compliance frameworks.  -The relentless pressure for digital transformation. These challenges demand more than incremental fixes, they call for bold, strategic responses. The companies navigating this environment successfully share one trait: a proactive mindset. They don’t wait for change; they engineer it. Which challenge do you believe will define 2025 the most?

Next week ImpactGC, LLP's Jim Black joins impact leaders in a webinar to discuss action plans for founders and stakeholders of purpose-driven companies. Looking forward learning more about how to leverage climate finance tools - especially insurance - to drive change.

𝐍𝐄𝐖 𝐒𝐄𝐑𝐈𝐄𝐒 𝐀𝐋𝐄𝐑𝐓: The Hidden Cost of Staying the Same For years, I’ve worked with global insurance leaders and one truth keeps surfacing: Most companies don’t fail because of disruption. They fail because they don’t change fast enough. So this month, I’m unpacking the 5 biggest hidden costs quietly draining innovation in our industry and what to do about them. Here’s what’s coming: 1️⃣ The High Cost of Technical Debt 2️⃣ Legacy Systems & Lost Innovation 3️⃣ The Culture of Comfort 4️⃣ Misunderstood Digital Transformation 5️⃣ The Real Price of Ignoring Customers Each part will break down the problem and the solution. Because awareness isn’t enough, execution is everything. Let’s start shaping the future of insurance, one truth at a time.

What’s top of mind for 350+ insurance leaders around the world? Join us as we unpack the results of a global survey and explore how insurers are blending tech innovation with organizational transformation to build smarter, more resilient operations. Don’t miss this deep dive into how the industry is preparing for short-, mid-, and long-term challenges. 👉 http://2.sas.com/6049AqmeS #InsuranceInnovation #Webinar #DigitalTransformation #FutureOfInsurance

Digital transformation offers a pathway to smarter, safer, and more efficient operations—but where do you start? Cenosco's latest white paper introduces a structured approach to help organizations assess their current digital maturity, identify improvement opportunities, and take practical steps toward becoming data-driven leaders in asset integrity management. 📄 Download your copy to learn more: https://zurl.co/eq5pP #Sponsored #DigitalTransformation #IDMS #Inspection

Innovate. Adapt. Lead. Achieving sustainable growth for insurance agencies hinges on embracing digital transformation and building resilient operational models. The agencies thriving today are those leveraging automation to optimize workflows, empower staff, and deliver real, measurable impact in client support and revenue management. Staying competitive means adopting technology that aligns with the agency's unique vision—rather than conforming to industry norms—and fostering a culture of innovation and continuous improvement. Strategies anchored in analytics, robust process design, and scalable solutions position teams to respond to industry disruption with creativity and resilience. What steps are you taking to future-proof your business and unlock new opportunities for agency independence? #AgencyGrowth #OperationalExcellence #Insurtech #BusinessStrategy

What’s top of mind for insurance leaders around the world right now? A new global survey of more than 350 executives offers genuine insight into how insurers are adapting, combining tech innovation with organizational change to build smarter and more resilient businesses. This session takes a closer look at what’s ahead for the industry in the short, mid and long term, and how leaders are preparing for it. 👉 http://2.sas.com/6041Atkyz #InsuranceInnovation #Webinar #DigitalTransformation #FutureOfInsurance

📈 Turning strategy into transformation: it’s not just a buzzphrase, it’s the secret sauce for future-ready insurance organizations. Our recent blog by Amit Unde dives into how aligning culture, execution, and accountability can turn lofty plans into real, impactful change. Because let’s face it, a strategy without transformation is like a GPS without a destination — all talk, no action. ✅ Align your culture to embrace change ✅ Execute with precision and agility ✅ Hold teams accountable to drive results Ready to see how these pieces fit together to build the insurance companies of tomorrow? Dive into the blog: https://bit.ly/4qqwWlJ

Rethinking How Operational Efficiency Drives Empowerment What if the narrative around operational efficiency shifted from cost-cutting to capability-building? Consider the transformative potential when routine, low-value tasks are intelligently automated, freeing your expert talent to engage in strategic, high-impact work. Across the insurance landscape, organizations are exploring how intelligent automation can redefine efficiency. It's not merely about optimizing processes; it's about cultivating an environment where human expertise is amplified, driving innovation and sustainable growth. Let's explore the strategic implications of intelligent automation for the evolving insurance enterprise. #InsuranceInnovation #AITransformation #OperationalExcellence #FutureOfWork #Indemn