Today’s life insurers find themselves in an environment of sluggish growth, as many consumers are at best only mildly interested in traditional life insurance products. The industry is struggling to meet new and challenging life insurance customer experience expectations – with legacy technology being a major barrier to driving meaningful change.
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50%of policy-holders say customer experience with life insurers is underwhelming |
Only 41%of insurers met or exceeded their latest transformation goals despite urgent need to modernize operations |
Only 5%of life insurers are able to deliver best-in-class customer experience today |
Our World Life Insurance Report 2025 identifies industry challenges and outlines proven transformation strategies to boost customer satisfaction, increase operational efficiency, and fuel robust profits. The key is orchestrating transformation initiatives around two strategic priorities: