Empowering Insurance Executives to Lead Digital Transformation
Capability academy approach for
IT executive education
Empowering Insurance Executives to Lead Digital Transformation
Capability academy approach for
IT executive education
Transformation Starts from the Top
The digital revolution is upending many industries, including insurance. Rapidly evolving technologies, an explosion of data, and customers with new expectations for the speed and ease of insurance services are reshaping business models and driving innovation in every area of the business. There is a broad recognition that wholescale digital transformation is now an imperative for insurance firms.
Early in its digital transformation, a leading global property and casualty insurance company recognized a fundamental fact: transformation starts from the top of the IT organization. Quickly realizing a technology-enabled vision and reaping the benefits of digitization requires IT executives and senior managers to develop new capabilities and work differently with the business. To be successful, IT leaders need to have a common lexicon and understanding of leading-edge technical knowledge, a shared vision for change and, most critically, a people-first approach that empowers the organization and creates a digital culture.
Bringing Insights from Working with Digital Natives
The client asked EPAM to ensure its top IT leaders have the technical, data and leadership capabilities necessary to navigate their digital transformation journey. EPAM was selected because we’re a leading software solutions firm, not a training company. In 25+ years of working with the world’s most advanced companies, we have learned a lot about what IT leaders must do to make their organizations fast and agile and how to build a culture that attracts and retains top technical talent. The client asked for a learning and advisory engagement that shared our insights and on-the-ground experiences.
Key Challenges and Learning Program Design Considerations
Leveraging Capability Academies Approach
Leading digital transformation isn’t a simple skill that is easily trained. It is an incredibly complex meta-capability that requires mastery, synthesis and prioritization of several mutually dependent capabilities. Moreover, there is no one path to digital transformation—each organization has a unique combination of strategic imperatives, goals and culture—but there are many ways to get it wrong.
To address this challenge, EPAM’s Client Learning & Talent Enablement used a cutting-edge, research-based learning approach called a capability academy. Academies combine carefully designed learning experiences and resources with activities that are grounded in business strategy, unfold over time and predict tangible business outcomes.
IT Executive Learning
Program Highlights
Every aspect of the engagement — from content to coaching to workshops — was tailored to the client’s strategy, language and organizational context.
"We asked for a program to ensure our leaders had a common understanding of our vision, a shared lexicon and unified approach to change. This program has done all that and more.”
COO, Sr. Director of Technology
To learn more about how we can help you establish the right capabilities, the right way, and get results, contact us at LearningPractice@EPAM.com