FinTech Magazine February 2024 | Page 46

PwC ’ s Tony Bowers , Brett Maher and Alexis Hall , alongside Oracle ’ s Geetika Chopra , discuss how insurers are navigating current global challenges and future-proofing their industry
PWC AND ORACLE
PwC ’ s Tony Bowers , Brett Maher and Alexis Hall , alongside Oracle ’ s Geetika Chopra , discuss how insurers are navigating current global challenges and future-proofing their industry

I nsurance has long held the tagline of being slow to innovate or adopt new technologies , particularly at companies with extensive histories and a mature position in the market . The rise of B2C insurtechs has helped drive competition in the market – attracting consumers with more streamlined customer experiences and faster claims processing . To survive in today ’ s fast-paced environment , enterprises need modern financial reporting systems that can quickly integrate high volumes of complex data to inform decisionmaking and reporting capabilities .

PwC Principals Tony Bowers and Brett Maher , alongside PwC Oracle Alliance Leader Alexis Hall and Oracle Senior Director for Product Management Geetika Chopra , discuss ways industry-leading insurance enterprises are addressing technology transformation in the sector and overcoming the challenges at hand .
Maher has been a Principal in PwC ’ s Finance Transformation practice for more than 11 years , specialising in building more effective finance and accounting organisations for global insurance and financial services companies .
Bowers is similarly experienced . Working at PwC for 11 years , he is a Principal in the Oracle practice and focuses on finance transformation enabled by cloud technologies in the financial services industry .
46 February 2024