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What does digital disruption mean in the insurance industry?”

“What’s the one thing my business should be doing right now to adapt?”

“How do I create an intelligent enterprise culture?”

These are three very common questions our team gets asked by insurance companies. Over the next decade, we know digital disruption will have a major impact on the insurance industry. We’re moving from a world focused on loss payout to loss prevention. New technologies are making it easier for insurers to understand and influence risk. Forward-thinking insurance companies are adjusting their business models to help customers safely secure property, drive better, and enjoy longer lives.

On a practical level, however, what steps should insurance companies be taking today to transform into an Intelligent Enterprise? And what does an “Intelligent Enterprise” mean? The SAP Leonardo for Insurance eBook answers these questions. The book provides a roadmap to unlock business value with intelligent solutions and technology. It highlights actionable steps your business can take today, with a plan for the future as well.

The Intelligent Enterprise combines 3 defining elements: An Intelligent Suite for integrated business processes, a Digital Platform for data orchestration, and Intelligent Technologies to detect patterns and predict outcomes

  1. Intelligent Suite: the first step for transformation. The ability to tap into structured and unstructured data from within your business and across value chains is a critical differentiator. Explore the end-to-end processes insurance companies need to run competitively.

  2. Digital Platform: data is the new currency. Deliver a unified foundation for the Intelligent Enterprise that accelerates process innovation and harnesses the value of data across connected business applications and ecosystems. Learn how to unlock data-driven intelligence and innovation with SAP® Cloud Platform and SAP HANA® Data Management Suite.

  3. Intelligent Technologies: the new era of enterprise computing. The power to drive outcomes from digital transformation is here. Discover how intelligent technologies leverage the power of AI, Machine Learning, IoT, blockchain, and advanced analytics for insurers.

Accelerate Your Journey to an Intelligent Enterprise: Optimize, Extend and Transform

The path to becoming an Intelligent Enterprise requires innovation. Some parts of your transformation may optimize current processes. Automating repetitive tasks, for example, allows your employees to focus their time on higher-value activities. Extending current processes can also capture new sources of value. Other aspects may be more disruptive, such as transforming your company’s value chains or business models.

The eBook allows companies to explore three different pathways — optimize, extend and transform — to find that path that is right for them. No matter where your business starts, SAP Leonardo technologies brings together world-class innovations, technology experts, and proven use cases to drive change at scale. This eBook is your guide.

Access the Digital Insurer eBook

Discover how a suite of innovative technologies integrates and extends existing applications to deliver best-in-class user experiences. Explore how the Internet of Things (IoT), machine learning, and predictive analytics can become more powerful when used together. Digital disruption means huge challenges and huge opportunities. It is essential to evolve your culture and transform your business into an Intelligent Enterprise to achieve breakthrough outcomes.

Access the eBook: The Digital Insurance Industry: Unlocking New Business Value with Intelligent Technology.