Tag Archive | insurance

Why More Insurers Need IT Infrastructure Modernization

Why More Insurers Need IT Infrastructure Modernization

Although 60% of insurers believe improving customer experience (CX) would have the highest impact on their competitive positioning, many don’t pursue progressive CX strategies because they are shackled by legacy IT infrastructure.

via Everest Group

How AI will Transform the Financial Services Sector

How AI will Transform the Financial Services Sector

Artificial intelligence (AI) is in the process of transforming a variety of models in the global financial services industry, a global survey jointly conducted by the Cambridge Centre for Alternative Finance (CCAF) at the University of Cambridge Judge Business School and the World Economic Forum suggests.

via World Economic Forum

The Upside for Fintech Adoption in North America

The Upside for Fintech Adoption in North America

While the adoption of fintech services has skyrocketed globally, adoption rates in Canada and the U.S. are some of the lowest in the world. Is this good news for legacy financial institutions or a warning sign for the future? Here’s the answer.

via Financial Brand

Fintech and AI Will Transform Financial Services

Fintech and AI Will Transform Financial Services

“63% of GlobalData survey respondents in banking, financial services, and insurance currently prioritize investments in artificial intelligence (AI), compared to only 54% of companies across all vertical markets.”

via IT Connection

Artificial Intelligence will Transform the Insurance Sector

Artificial Intelligence will Transform the Insurance Sector

According to the latest worldwide market study by Juniper Research, the value of artificial intelligence (AI) underwritten insurance premiums will exceed $20 billion by 2024 — that’s up from an estimated $1.3 billion in 2019.

via Digital Lifescapes

Telematics in Insurance Creates Upside Opportunity

Telematics in Insurance Creates Upside Opportunity

“We expect the market for usage-based insurance (UBI) to grow substantially at a CAGR of ~40 percent during 2018-2020, with an estimated 35-40 million UBI policies in force by the end of 2020. This is certainly impressive growth.”

via Everest Group

Future of Fintech Platforms: Innovation and Disruption

Future of Fintech Platforms: Innovation and Disruption

The new study from Juniper Research found that roboadvisor platform revenues will reach $25 billion by 2022 — that’s up from an estimated $1.7 billion in 2017, as the automation of wealth management revolutionizes the way individuals invest.

via Digital Lifescapes

Data Security Breach: Why Insider Threats are Pervasive


Willis Towers Watson’s cyber insurance claims data show that two thirds of cyber breaches are caused or enabled by employee negligence or malfeasance, including losing laptops, the accidental disclosure of information or actions of rogue employees.

via World Economic Forum

How Cognitive Systems will Transform the Insurance Sector

cognitive systems market research

Insurance industry is currently on a digital mission to offer contextual and value-centric products and offerings to its customers driven by the change in customer and market expectations, technological disruptions, and the emergence of new kinds of competition.

Source: IDC Community

Insurtech Platform Revenue to Reach $235 Billion in 2021

fintech insurtech market research

Fintech platform revenues derived from supporting the insurance industry (Insurtech) will reach almost $235 billion globally by 2021, that’s up by 34 percent y-o-y from an estimated $175 billion this year, according to Juniper Research.

Source: Digital Lifescapes