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
Insurance Technology
Insurtech is a combination of “insurance” and “technology”. It is an emerging industry that utilizes technology and modern innovations to change how traditional insurance is performed.
Technological advancements are starting to automate and predict standard insurance-related tasks, from filing a claim to adjusting a policy’s coverage. As the industry embraces things like artificial intelligence, machine learning, and other technologies, the relationship between providers and clients is also changing.
Using IoT, insurers can closely analyse customers’ data and identify their needs and risks. Customers’ health risks can be determined more accurately using wearables. Cyber insurance, IoT, and connected insurance are three of the most advanced technologies that offer solid support for insurance companies to effectively adapt to a changing environment.
In this section, we have collected the most current articles and reviews on the topic of the Insurance Technology.
10 Key Technology Strategies for Insurance Companies
Insurance companies need to have technology systems in place that don’t just keep things like investment budget or time to market in mind
Big Data in Insurance. Use Cases of Data Analytics Technology
BigData technology in insurance. Beinsure has collected the opinions of experts for use cases Data Analytics Technology for insurers
Technologies Will Transform Auto Insurance & Automotive Landscape
Autonomous vehicles will drive the transformation of the motor / auto insurance market, according to Moody’s Investors Servic
Top Challenges facing Insurance Brokers in 2024
Brokers will continue to be a central part of insurance distribution and insurance companies will continue outsourcing insurance distribution
Vendors & Insurers Must Work Together to Better Underwrite Cyber Insurance Policies
Cyber threats, like ransomware and data breaches, are growing at a rapid rate, and the need for cyber insurance to protect against these evolving threats has never been greater
How Did Actress Amber Heard’s Insurance Cover Defamation Trial Against Johnny Depp?
The jury ruled in Depp’s favor, and Heard was ordered to pay $8.3 million. Heard then looked to her insurance company to pay the judgment
AI Technology & Data Analytics Will Help Insurers Refine Insurance Market
As the insurance industry continues to navigate the pace of change, complexity and uncertainty in our world, consumers continue to respond companies to be more responsive
10 Most Important Global Business Risks for 2024. Allianz Risk Barometer
Allianz Risk Barometer incorporates the views of 2,712 respondents from 94 countries and territories. Elevated levels of disruption to continue as dangers
Tech-Driven Innovation is Fundamentally Reshaping the Insurance Market
Emerging capabilities including telematics, artificial intelligence, machine learning, and automation have transformed nearly every aspect of the insurance value chain
Insurers Accelerates Investments in Digital Technologies & Automation Strategies
Insurers are accelerating their investments in digital technologies, applying Artificial Intelligence (AI) and automation strategies across entire business functions
CEE Insurance Market Review & War in Ukraine Impacts
2022 year started in a dramatic, unexpected way. While the COVID-19 epidemic has gradually subsided, fueling hopes for the economic recovery
InsurTech Market Faces a Valuation Decline. How Insurers Can Take Advantage?
For nearly a decade, insurtechs have experienced rapid growth and skyrocketing valuations. But in 2022, investors’ optimism tempered by compounding pressure
New Customer & Technology Trends in the Changing Insurance Market
The insurance industry will continue to follow in the tech world’s steps by rapidly innovating and shifting the way it does business in order to better serve
Сloud Technology for Insurance Industry. What Insurers Should Know?
Successful cloud migrations depend on knowing where the value for insurance lies in cloud and on business and IT working together
Digital Life Insurance. How Technology-First Insurers Solves Data Problems?
Awareness for life insurtechs among millennial active shoppers has climbed almost 30% in the last 12 months. And technology has matured
9 Key Customer Types that Will Define Insurance Market to 2030
What customers want and need, not what insurers want to sell or have always sold, will be the dominant driver of innovation and growth
Machine Learning in Insurance. AI-Driven Technology for Insurers
Emerging data analytics technologies centred on machine learning bring order and purpose to this unstructured data so that it can be more effectively
How Rapid Advances in Technology Reshaping the Insurance Industry?
Rapid advances in technology, the continuing talent shortage and rising customer expectations for experiences of all types have disrupted the insurance industry
How Does Inflation Challenging Insurer Profitability and Insurance Rates?
Raising revenue hasn’t been an issue for most nonlife insurers, thanks to some of the highest property-casualty insurance rate increases posted in years
Insurers Should Be Pivoting to Longer-Term Reinvention
Necessity has indeed been the mother of reinvention for the insurance industry these past few years, as most carriers were remarkably adaptive
How Re/Insurers Can Meet and Manage Customer Demands & Expectations?
Delivering personalised experiences and meeting consumer demands has been a key priority for insurers and insurtechs
Technology Flexibility Matters for Growing Insurance Companies
Most successful insurance businesses and their distribution partners will be those who listen to their customers
Economic Risks Prioritised Over Tech, Environment & Cyber. G20 Survey
G20 business leaders are more focused on short-term economic concerns – like rapid inflation, debt crises, and the cost of living crisis – than on environmental and cyber risks
How Blockchain and Smart Contracts Transforms Insurance and InsurTech?
Smart contracts for digital insurers are getting a lot of attention these days. They offer a faster, safer, and less expensive way to provide cover
Major deals have led global M&A activity in 2024, showing increasing confidence among dealmakers despite geopolitical and economic challenges
Hurricane Milton is anticipated to be one of the most powerful and economically detrimental hurricanes to make landfall in the western region of Florida
There are approximately 133 million healthcare data breaches each year. Healthcare systems remain complex to secure, and cybercriminals take full advantage of this
Insurance claims management software can streamline intake, evaluation, validation, payouts and closure. Unfortunately, not all platforms are built to the same standard