Cloud-Based Collaborative Suite and Employee Enablement as Digital Transformation Strategies for Achieving Organizational Sustainability among Insurance Companies in Nigeria

Abstract

Cloud based collaborative suite and employee enablement as digital transformation strategies for achieving organizational sustainability among insurance companies in Nigeria. A descriptive research technique was used in the study. This study population consists of all insurance companies observed to be the healthy ones amongst the existing companies from Fifty eight (58) insurance companies duly registered in Nigeria. A purposive sampling method was considered appropriate for the study as the sample size consists of 200 employees (Two hundred) working at the ICT and Cyber security Unit of all the Insurance offices fully digitalized in Nigeria. The findings of the study from regression analysis revealed that digital transformation (i.e. cloud based collaborative suite and employee enablement) has influence on sustainability of insurance companies in Nigeria. The study concludes that cloud based collaborative suite and employee enablement as a digital transformation strategy has impact on Sustainability of insurance companies. The study recommends that insurance companies should ensure adequate digitalization to guaranty improved market penetration.