The Geneva Association and the International Insurance Society (IIS) have announced the 2018 recipient of their collaborative insurance research program, the Shin Research Excellence Awards.
Following a comprehensive review led by The Geneva Association and IIS, a research team of Alexander Bohnert and Albrecht Fritzsche of University of Erlangen-Nuremberg; and Shirley Gregor of Australian National University, will receive the award for their research 'Digital Agendas in the Insurance Industry: The Importance of Comprehensive Approaches'.
The winning research highlights that insurance companies should not adopt digital technologies only for specific application cases. Instead, companies need to think more strategically about digitization and acknowledge its transformative effect on their overall business activities. The study shows how the concept of digital innovation can be applied to the insurance industry, and which subcategories of digital innovation need to be further outlined.