Over the past few years, the US life insurance sector has experienced remarkable growth in modernization activities in new business, underwriting, and sales functionality. This growth is attributed to the pandemic, accelerating the digitization trend. The space provides a tremendous opportunity to innovate using new-age technologies such as wearables, IoT, AI and ML. Insurers have rededicated their efforts to transform operations; however, large-scale overhauling of the core legacy system is time-consuming. Instead, they can prioritize critical components like a new business to incrementally achieve their modernization goals. HCLTech has modular solutions that can address the insurers’ objectives and partner with them on their journey. This whitepaper captures the modernization drivers and components of the new trends in life insurance. Read the whitepaper to know more.