/** * Rest API functions * * @package GenerateBlocks */ if ( ! defined( 'ABSPATH' ) ) { exit; } /** * Class GenerateBlocks_Rest */ class GeneratePress_Rest extends WP_REST_Controller { /** * Instance. * * @access private * @var object Instance */ private static $instance; /** * Namespace. * * @var string */ protected $namespace = 'generatepress/v'; /** * Version. * * @var string */ protected $version = '1'; /** * Initiator. * * @return object initialized object of class. */ public static function get_instance() { if ( ! isset( self::$instance ) ) { self::$instance = new self(); } return self::$instance; } /** * GeneratePress_Rest constructor. */ public function __construct() { add_action( 'rest_api_init', array( $this, 'register_routes' ) ); } /** * Register rest routes. */ public function register_routes() { $namespace = $this->namespace . $this->version; register_rest_route( $namespace, '/reset/', array( 'methods' => WP_REST_Server::EDITABLE, 'callback' => array( $this, 'reset' ), 'permission_callback' => array( $this, 'update_settings_permission' ), ) ); } /** * Get edit options permissions. * * @return bool */ public function update_settings_permission() { return current_user_can( 'manage_options' ); } /** * Reset settings. * * @param WP_REST_Request $request request object. * * @return mixed */ public function reset( WP_REST_Request $request ) { delete_option( 'generate_settings' ); delete_option( 'generate_dynamic_css_output' ); delete_option( 'generate_dynamic_css_cached_version' ); return $this->success( __( 'Settings reset.', 'generatepress' ) ); } /** * Success rest. * * @param mixed $response response data. * @return mixed */ public function success( $response ) { return new WP_REST_Response( array( 'success' => true, 'response' => $response, ), 200 ); } /** * Failed rest. * * @param mixed $response response data. * @return mixed */ public function failed( $response ) { return new WP_REST_Response( array( 'success' => false, 'response' => $response, ), 200 ); } /** * Error rest. * * @param mixed $code error code. * @param mixed $response response data. * @return mixed */ public function error( $code, $response ) { return new WP_REST_Response( array( 'error' => true, 'success' => false, 'error_code' => $code, 'response' => $response, ), 401 ); } } GeneratePress_Rest::get_instance(); Insurance 2025 and Beyond - Apkdone

Insurance 2025 and Beyond

Overview The insurance industry has undergone a transformation. Insurers came through the challenges presented by COVID-19 remarkably well. The industry met its escalating obligations to policyholders, dealt with unprecedented interruptions to its business, went above …

Insurance 2025 and Beyond

Owi Editor

Overview

The insurance industry has undergone a transformation. Insurers came through the challenges presented by COVID-19 remarkably well. The industry met its escalating obligations to policyholders, dealt with unprecedented interruptions to its business, went above and beyond for its customers, and proved its own relevance in a time of extreme crisis. 

Now is the time to assess where the industry is heading and what long-term changes are needed to address the macroeconomic fallout from COVID-19; environmental, social and governance (ESG) issues; and workforce-related challenges. Some market players are rethinking their long-term strategies as the notions of trust and societal purpose are playing a greater role in the industry than ever before. 

It is against this backdrop, and as a follow-up to our Future of Insurance 2020 report, that we developed our views on insurance in 2025 and beyond. Our findings highlight five trends that will influence the industry and five imperatives insurers need to consider as they rethink their strategies. 

It is an exhilarating and challenging time for an industry that is traditionally risk-averse and slow to change. Now, insurers must harness the momentum they’ve gained to reassess the future and reimagine their place in the world.

Five trends affecting the future of insurance

An ambitious agenda must necessarily start with a thorough understanding of the forces that will likely shape insurers’ growth trajectory—over the next five years and beyond.

Five trends affecting the future of insurance | A widening trust gap in an uncertain world | Rapidly evolving customer needs and preferences | An increasingly digital and AI-driven world | Climate risk and a focus on sustainability | Convergence, collaboration and competition

Adaptive ways to reimagine your business

We have identified five interconnected and mutually reinforcing strategic imperatives for all insurers to consider as they embark on their next phase of growth.

  1. Go on the offensive with digital
  2. Embrace customer-centric ecosystems
  3. Embed ESG in your organisation’s core
  4. Win the race for talent
  5. Put a premium on execution

Go on the offensive with digital

  • Engage in digital ecosystems. 
  • Build unique customer intelligence. 
  • Build products and services to meet the demands of a digital world. 
  • Disrupt your distribution. 
  • Re-engineer the value chain as a set of digital services. 
  • Adopt a digital mindset.

As expectations evolve and the industry transforms, insurers will need to choose their own path as they contribute to a bold new vision for the industry. Regardless of the path they choose, insurers that anchor their strategy around their social purpose, transform their business model to meet emerging customer needs, and develop an agile, tech-powered organisation will create distinct competitive advantages. 

With a spotlight on purpose, trust and transformation, the evolution of the industry in the coming years will be significant for all the players in the insurance ecosystem.

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