Traditional Insurance Industry Transformation in the Digital Age
Eduardo Godoy Pascal, Head of LongTerm Life Insurance Unit, GNP Seguros
The digital age has revolutionized< people´s lives, it has generated profound changes in our society. Internet, computers and devices modified the habits and customs of our society, allowing people to interact with each other around the world, chat with family and friends, share moments, work remotely, compare goods and services, order groceries, buy technology items and carry out banking operations. No one in 1983 (year of internet born) would have imagined that.
Nowadays, the digital economy is the most efficient mechanism for wealth creation and one the greatest distribution channel for goods and services. There are many advantages that digital age offers to society and economic sectors that are capable to adapt to this new reality, and the insurance industry is not an exception.