TOP 10 Opportunities & Megatrends for Insurance Industry by 2030
Transformative trends are shaping the future risk landscape, creating $200+ bn of market potential for insurers by 2030. Top 10 opportunities
Metaverse
The technologies companies refer to when they talk about “the metaverse” can include virtual reality—characterized by persistent virtual worlds that continue to exist even when you’re not playing—as well as augmented reality that combines aspects of the digital and physical worlds. Loosely defined, the metaverse is a virtual universe where users have access to digital avatars that let them “live” in this digital world.
Individuals can easily access the metaverse by creating their very own avatar on the platform, a 3D virtual world browser-based platform. This is one of the finest and simplest ways to obtain entrance to the metaverse. Decentraland also allows anyone who wishes to build their avatar to do so on their website.
The 2D Internet we are all presently using will be replaced by a 3D, fully immersive digital world Internet. The metaverse will change how we learn, how we earn our livings, and how we connect to one another, just like the emergence of the 2D Internet did in 1995. The metaverse is evolving out of the gaming world.
Metaverse and NFT Market Trends Outlook for 2023-2024
NFTs have a lot of potential in the metaverse. They provide a way to represent ownership of assets, create scarcity, and monetize content
How Metaverse & Visual Intelligence Can Transform Insurance Industry?
The metaverse was already worth nearly $500 billion. That figure is expected to rise to a staggering $800 billion by 2024 as more platforms enter the market
Investing in the Metaverse. How to Jump into the Metaverse Virtual World?
When we consider the metaverse not as an unprecedented revolution but instead as an evolution of the web, we can hypothesize that companies’ present web strategies
How Can Insurance Industry Prepare for the Metaverse?
What is new is the rise of industries like insurance, finance, retail, and more getting into the metaverse. 30% of organizations will have services ready for Metaverse
Virtual Worlds in the Metaverse. How Blockchain Helps E-commers?
Blockchain technology will play a key role in the Metaverse, along with other emerging technologies such as artificial intelligence (AI) and virtual reality (VR)
Global reinsurance market delivered strong results in 2024 with further improvement in underwriting profitability, exceptional ROEs and a continued building of capital
Cyber insurance market is set for outsized growth compared with other lines of P&C insurance over the coming 10 years. There is some concern about what factors must come together for growth
Artificial intelligence promises to revolutionize how P&C insurance business gets done. The exact ways AI will influence business are unknown
U.S. property and casualty (P&C) insurance industry achieved its best underwriting performance in over 15 years in 2024. The industry has turned a corner