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Digital Transformation for Insurance Industry
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Overview
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Gen Z and millennial consumers are driving the insurance industry towards digital transformation, emphasizing transparency, customization, and digital engagement. American Express' vice president underscores the need for insurers to provide accurate information and preferred payment methods to meet these demands, urging the industry to upgrade technology for building customer trust.
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How might the shift towards digital transformation in the insurance industry impact traditional business models?
In what ways could the increased demand for transparency and customization in insurance influence the overall industry landscape?
What strategies can insurers adopt to cater to the unique preferences of Gen Z and millennial consumers?
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