Companies within the financial services sector are planning to bolster security spending in order to combat the threat posed by cybercrime activities over the next two years, according to PwC.
Insurance companies must embrace and adopt new and innovative technology with continued urgency, in order to drive growth and profitability, a new report from Strategy Meets Action (SMA) has stated.
The Government has started collaborating with the UK insurance sector in an attempt to address cyber security risk management nationally.
With many insurers rapidly implementing a range of new technology initiatives in recent years, a skills shortage has developed within the industry, according to the Chartered Insurance Institute (CII).
Many insurers and financial institutions have adopted an ‘impulsive’ approach to social media which is failing to meet their goals, according to Leah Pope of data management firm Synthesio.
Reliance on outdated techniques and manual processes is hampering European insurers when it comes to fraud detection, according to a new report.
Insurers will increase spending on internal systems as they look to increase speed to market next year, a study by Novarica has found.
Insurers are facing a disruptive future as non-insurers threaten their territory, the Economist Intelligence Unit has claimed.
More than four fifths of insurers are planning to use digital technology to improve customer relationships over the next three years, according to a KPMG study.
Demand for technological expertise will lead to a large growth in outsourcing by the insurance sector next year, according to a new study.
Computing giant Microsoft is to freely share information with the financial services industry in an attempt to disrupt the activities of cyber criminals.
Insurers are increasingly relying on technology to counter threats, such as underwriting scams, money-laundering and cyberfraud, according to a study by the Coalition Against Insurance Fraud.
Just 37% of insurers have aligned their digital initiatives with their business strategies, new research by KPMG has found.
Leveraging data from within legacy systems is a daunting challenge for many insurance firms, a new report by Deloitte has claimed.
Just 10% of insurers across Europe, the Middle East and Africa (EMEA) have completed their digital transformation process, according to a new report by Celent.
Insurers are less likely to see technological development as a way of generating additional revenues and strengthening their brand compared to other industries, a study has found.
A quarter of insurers are investing in big data solutions, according to a new study.
More than half of insurers are planning to replace some aspect of their claims system this year, according to Celent.
Driverless cars could significantly lower insurance premiums in the UK, according to Simon Douglas insurance director at the AA.
Technology-enabled insurance firms are threatening to take market share from slow moving established players, according to a new study by KPMG.
There is a discernible trend towards integrating customer communications and policy administration systems, according to a new insurance report.
The adoption of new technology and better leveraging of legacy systems is crucial for acquiring and retaining new customers, according to a new insurance industry study by Bain and Co.
Business intelligence solutions should be a top technology investment area for insurers in the London Market, according to a report by Novarica.
As digital data becomes increasingly valuable to the insurance industry we can expect players from diverse backgrounds to enter the market, analyst Stephen Applebaum has claimed.
Banking, finance and insurance firms are the top users of smartphones for business purposes, according to a new report by Frost and Sullivan.