The time for UK insurers to replace core systems has arrived, according to Novarica’s new associate research director Catherine Stagg-Macey.
The UK insurance industry is laying the groundwork for sustained growth as economic recovery stimulates demand, the CBI/PwC Financial Services Survey has claimed.
Insurers should be careful how they use the data they collect from their analytics, Big Data and social technology projects, according to Celent.
Investments in insurance technology will begin to deliver returns as economic conditions improve in 2014, according to Conning.
Steps must be taken to align insurance technology and marketing strategies, according to Accenture's insurance lead for the EMEA region Thomas Meyer.
The adoption of new technology is the most crucial area change required within financial services, a study by the Economist Intelligence Unit has found.
The advancement of technology in insurance will be the trend most likely to transform the industry over the next five years, according to CEOs.
The reputation of mobile solutions for insurance has been damaged by a lack of strategic planning in their roll out, according to Forrester analyst Ellen Carney.
Financial services firms will continue to invest heavily in technology over the next two years as they adjust to regulatory change, a study conducted by Longitude Research has found.
Firms are wanting new insurance systems to enable new capabilities not just reduce costs, a study by Novarica has claimed.
Insurance firms should not wait for economic conditions to improve further before investing in technology, a new Deloitte report has claimed.
European firms will need to revise their insurance systems as they attempt to meet new regulations over the long term, according to Aberdeen Group.
A technology start-up, which plans to shake up the insurance industry with a new digital offering, has raised £75m in funding during its first few months of operating.
Firms are replacing core insurance software as they prepare for a more agile future, a study by SMA has claimed.
Insurers must adapt to digital technology if they want to communicate effectively with customers, a new report by Ovum has claimed.
Financial and operational data is increasingly being used to drive business planning decisions, according to research by American Express.
Insurance executives are increasingly seeing emerging technology as vital to the future running of their business, according to SMA.
Insurers should focus on providing a consistent level of customer service across all channels both on and offline, according to Accenture’s Insurance Lead for Europe.
Insurance companies need to seize an opportunity to investment in transformative technology in 2014, according to a report by Ernst and Young (EY).
Investment in business intelligence and analytics will remain a crucial technology for insurers through 2017, according to research by Gartner.
Insurers and other financial organisations are expected to increase their spending on big data technology by 55% between 2014 and 2016, according to Celent.
Data analytics will remain a priority technology project for insurance firms in 2014, according to a study by Novarica.
The European property and casualty insurance market will renew its focus on tackling legacy IT systems over the next 18 months, according to Ovum.
More than half of chief claims officers (54%) believe their most pressing concern is a need for technology innovations, a Towers Watson survey has revealed.
Technology is critical for strengthening insurance underwriting but poor data integration is limiting its effectiveness, a new report by Accenture has claimed.