In the digital era, platform business models beat traditional business models in winner takes all contests. Experts suggest that by 2025 large distinct ecosystems will account for $60 trillion of global revenue or roughly one third of all revenue. Leaders of traditional business models must develop new strategies and operational capabilities or risk disruption by platform businesses that leverage societal change, new technologies and the exponential benefits of the network effect.
The Insurance Platforms Institute is a thought leadership community and industry association that serves business leaders as they drive platform business model and digital ecosystem strategy in the global insurance industry. The Insurance Platforms Institute expects to launch in July 2019. The institute is now accepting inquiries for Steering Committee and Founding Member participation. A Preliminary Prospectus containing an initial draft of the association’s Bylaws will be available in November 2018.
View this short video to learn more about the mission of the Insurance Platforms Institute.
Be sure to check out the institute’s YouTube channel for a comprehensive look at these exciting and interrelated concepts:
- Platforms, Ecosystems & Insurance
- Platform Business Models & Ecosystems
- The Future of Insurance
- Digital Transformation
- Analytics & Artificial Intelligence
- Robotic Process Automation
- Operations Management
- The Future of Work
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There are so many exciting developments in the platform business model and digital ecosystem space. Let’s start a conversation.