• Home
  • Why Attend
    • For Financial Institutions
    • For Fintech/Tech
    • For Talent
    • Our DNA
    • Contact
  • 2019 Highlights
    • Gallery
    • TOP 400+ FIs
    • Speakers
    • Festival Guide
      • 2019 Agenda
      • Download
      • Live Music
      • Craft Beer
      • Welcome Stage
      • Fintech Stories Stage
      • Strategy Stage
      • Build Stage
      • AITECHTalents – Discovery Day
      • RegTECHTalents – Discovery Day
    • Fintech Stories
    • Secret Shopper
  • Steer Co.
  • Partners
  • Prospectus
  • Insight
    • Awesome Stuff
    • FinTech Of The Week
    • Video Interviews
    • Video Testimonials
    • The Platform
    • Subscribe
  • Get Involved
  • Register

Fintech Talents

Fintech Talents

Kallyas is an ultra-premium, responsive theme built for today websites.

T (212) 555 55 00
Email: sales@yourwebsite.com

Your Company LTD
Street nr 100, 4536534, Chicago, US

  • Home
  • Why Attend
    • For Financial Institutions
    • For Fintech/Tech
    • For Talent
    • Our DNA
    • Contact
  • 2019 Highlights
    • Gallery
    • TOP 400+ FIs
    • Speakers
    • Festival Guide
      • 2019 Agenda
      • Download
      • Live Music
      • Craft Beer
      • Welcome Stage
      • Fintech Stories Stage
      • Strategy Stage
      • Build Stage
      • AITECHTalents – Discovery Day
      • RegTECHTalents – Discovery Day
    • Fintech Stories
    • Secret Shopper
  • Steer Co.
  • Partners
  • Prospectus
  • Insight
    • Awesome Stuff
    • FinTech Of The Week
    • Video Interviews
    • Video Testimonials
    • The Platform
    • Subscribe
  • Get Involved
  • Register

Content

STAY TUNED
  • Tweet
  • Share 0
  • Reddit
  • +1
  • Pocket
  • LinkedIn 0

Sumesh Vijayakumar: the journey to digital transformation

by FTT Team / Thursday 15 February 2018 / Published in Insurtech
Sumesh Vijayakumar

We talk to Sumesh Vijayakumar, Business Process Analyst at Allianz, about the digital transformation journey for insurance companies and some of the challenges they face.

Tell us a little bit about your current role? Where do you think insurance companies are in relation to banks, for example, in their digital journey?

I have been working with leading global P&C insurance carriers for the last 14 years, and a good portion of that with Allianz. Currently in my role within the Business Excellence function, primarily focussed on collaborating with core business functions (read UW & Claims) to facilitate Organisational and Process changes. While P&C is still an evolving area within the Insurance sector when it comes to digital transformation, Allianz has been in the forefront advocating and driving customer centric change. I have the enviable position to be involved in the conceptualisation and implementation of change initiatives, and greatly helped through best practices from InsurTech and Industry forums.

Do you think that insurers worry about the potential competition from innovative insurtechs in a similar way to other areas in financial services?

In general there is more openness and realisation within the Insurance sector to the fact that innovation and “keeping the lights on” present entirely different opportunities, we are still to see the required levels of commitment when it comes to resources, leadership mindshare and ambition. Having said that I am thrilled by the commitment from Allianz group in pushing the Digital Transformation / Digital Inclusion agenda.

What keeps you awake at night?

I am excited about the fact that we are in the midst of such a diverse and nebulous transformation story, I am equally paranoid that we might under-leverage the opportunities through lack of a cohesive (Incumbent – Disruptor) collaboration strategy.

Do you think that the insurance industry has a bigger challenge in attracting talent?

Some key challenges we face within Insurance industry are due to lack of public awareness on the relevance, not being visible in the local communities and “accumulation” risks (most of the jobs are in the square mile). Organisations like Allianz, Aviva, AXA are tackling these challenges head on through engaging local communities – industry forums – academia.


Do you like craft beer?!

While I am a wine connoisseur, I can appreciate the passion and innovation within the craft beer.

  • Tweet
  • Share 0
  • Reddit
  • +1
  • Pocket
  • LinkedIn 0

Tagged under: digital transformation, insurance, insurance company, Splash

Recent Posts

  • Fighting Back Against Digital Identity Fraud

    Even prior to the outbreak of COVID-19, instanc...
  • Welcome to the Open Economy – A Fireside Chat with Yapily

    Stefano Vaccino, Founder & CEO, Yapily set ...
  • The Credit Union View

    In the run up to Fintech Talents North America,...
  • Is lending the key to COVID recovery?

    Disruption, stress tests, market shocks – none ...
  • Opening the Door to Financial Inclusion with Digital Identity

    Despite decades of financial inclusion efforts,...

Insights, interviews & interesting stuff

SIGN UP

Learn more about our community & events

LEARN MORE

FTT20 - the ultimate FinTech Festival

GET INVOLVED
  • Tweet
  • Share 0
  • Reddit
  • +1
  • Pocket
  • LinkedIn 0

  • Home
  • Virtual Experiences
    • FTT Identity 2021
    • FTT Lending 3.0 2021
    • Fintech Talents North America 2021
    • Fintech Talents UK & EU 2021
    • FTT Building Societies 2021
    • Fintech Talents Nordics 2021
    • FTT Open Finance 2021
  • Hybrid Festivals
    • Fintech Talents London 2021
  • On-demand Content
    • Interviews
    • Opinion
    • Videos
    • Digital reports
  • VC INNOVATIONS – Accelerated Marketing

GET IN TOUCH

T 0208 0045 517
Email: info@vcinnovations.co.uk

VC INNOVATIONS
21 Bloomsbury Square, London, WC1A 2NS

Open in Google Maps

QUICK LINKS

  • Home
  • Partners
  • About
  • Insight
  • Contact Us
  • Register

Connect with us


RECENT POSTS

  • Fighting Back Against Digital Identity Fraud

    Even prior to the outbreak of COVID-19, instanc...
  • Welcome to the Open Economy – A Fireside Chat with Yapily

    Stefano Vaccino, Founder & CEO, Yapily set ...
  • The Credit Union View

    In the run up to Fintech Talents North America,...
  • Privacy Policy
Fintech Talents

© FinTECHTalents 2020. All Rights Reserved.



TOP

This website uses cookies to give you the best experience. Agree by clicking the 'Accept' button. Read our Privacy Policy.