Financial services firms are more likely to take security precautions to protect their IT systems and devices than other sectors, according to a study by Aon Risk Solutions.
Two thirds of insurance firms are planning to increase their IT budgets next year, according to a survey held at Acord Loma insurance systems forum.
Technology and data sharing is helping insurers combat fraud and improve customer experience, according to John Marsden of Equifax.
With many insurers still in the early stages of their data management strategies, competitors have an opportunity to gain a competitive advantage, according to Strategy Meets Action (SMA).
Three in every four insurance policies sold by 2020 will be influenced by digitals channels, according to a study by Google and the Boston Consulting Group (BCG).
Technology ‘megatrends’ have changed customer expectations in the insurance industry, according to a Celent report.
Data and analytics initiatives are the number one technology investment area for insurance companies, according to The Nolan Company.
Cloud computing is offering the insurance industry a low risk way to deploy new solutions which will increase business value, according to Cisco’s Jeff Tumpowsky.
Although insurance firms have moved to a more customer centric approach the industry is yet to fully leverage its analytics tools when it comes to winning and retaining business, according to Strategy Meets Action (SMA).
Technology in the insurance industry is changing so quickly that firms need to plan to replace new solutions before they are implemented, Rob Issacs of Novarica has claimed.
Two thirds of insurance customers would consider purchasing insurance products from organisations other than insurers, research by Accenture has revealed.
The Internet of Things (IoT) has the potential to transform insurance propositions, a new Equinix report has claimed.
More than half of insurance firms are struggling to manage the flow of data across their organisation, according to research by CEB TowerGroup.
Insurers are facing as much change in the next five years as they have in the last 50 years, according to PwC.
Embracing mobile technology has become an imperative for insurers, according to Ernst and Young (EY).
Digital technology is quietly revolutionising the insurance industry, according to new research by Swiss Re
New technologies and innovation will be crucial to the success of insurers over the next decade, according to SMA.
A London-based insurer has claimed the technology running the world’s most critical infrastructure is increasingly at risk of cyber attack.
Insurance executives top the list of professionals who believe digital technology will disrupt their industry over the next 12 months, according to a new survey.
British consumers are fundamentally changing the way they deal with insurers, according to a new report.
Insurers are being forced to change how they interact with consumers in the ‘age of the customer’, according to Forrester analyst Ellen Carney.
Spending on IT within the insurance industry is expected to show strong growth over the next few years, according to two new reports.
Almost one third of insurance companies are failing to provide customers with a positive experience, according to Efma.
Insurers in the life and annuity market are actively investing in technology which can deliver new customers and drive growth, a new SMA study has found.
Technology is seen as crucial enabler for the finance functions within all businesses but ambitions are not meeting reality, according to a study by Longitude Research.