Allianz SE CEO Oliver Bäte recently opened the 44th annual Insurance Conference in Sun City, South Africa with a keynote address on the conference theme, "Disrupt, Debate, Deliver."
In his speech, Bäte touched on the digitalization occurring throughout the insurance industry.
"In today's fast changing world, it's critical to innovate quickly and to change course rapidly if necessary. The insurance industry, like other customer service industries, is transforming because of the all-encompassing impact of digitalization on our lives," said Bäte. "While traditional markets, such as Europe, are struggling with their digital transformation process, Africa is digital by nature. Mobile is the fastest growing sector and innovation enabler on the continent with an expected 1.2 billion African subscribers by 2018."
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Denny Jacob
Denny Jacob is an associate editor for NU PropertyCasualty360. Contact him at [email protected].
