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Analyst Opinions
United Kingdom (UK) Private Medical Insurance Distribution Dynamics by Channels and Future Market, 2023 Update
United Kingdom (UK) Private Medical Insurance (PMI) Market Report Overview The UK private medical insurance (PMI) market research report explores how consumer purchasing preferences for private medical insurance have changed. The UK private medical insurance market research report gives an insight into the consumer purchasing preferences for private medical insurance in the UK. The report discovers the factors influencing customers when purchasing a policy and reveals the most popular PMI insurance providers in the market. New trends and innovations are...
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Product Insights
United Kingdom (UK) Private Motor Insurance Distribution Dynamics and Future Market, 2023 Update
UK Private Motor Insurance Market Overview The UK private motor insurance market research report offers insights into the motor insurance scenario within the private insurance market and how it is influenced by upcoming regulatory changes and volatility in the economy. It also ascertains how newcomers and insurtechs are disrupting and driving innovation in the country’s insurance industry. The report enables clients to identify the effects of emerging technologies such as artificial intelligence and autonomous vehicles on the UK private motor...
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Company Insights
Aon – Digital Transformation Strategies
Aon Digital Transformation Strategies Overview Aon has been focusing on using artificial intelligence, cloud, and big data to digitally transform its operations. The annual ICT spending of Aon was estimated at $511.8 million for 2023. A major share of this spending is earmarked for acquiring hardware, ICT services, and consulting services from vendors. Aon is a provider of professional services. The company, through its subsidiaries, offers a range of commercial risk solutions, reinsurance solutions, retirement solutions, health solutions, and data...
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Company Insights
Aviva – Digital Transformation Strategies
Aviva Digital Transformation Strategies Overview Aviva is strengthening its focus on the use of innovative technologies to enhance its digital capabilities. AI, big data, insurtech, regtech, and cyber insurance are among the technologies the company is concentrating on. The annual ICT spending of Aviva is estimated at $506.5 million for 2023. A major share of this spending is earmarked for acquiring software, ICT services, and network and communications from vendors. Aviva is a multinational insurance and financial services group offering...
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Company Profile
Majesco – Company Profile
Majesco, a subsidiary of Thoma Bravo LLC, provides cloud insurance software solutions for insurance business transformation. Its offerings include core insurance solutions for property, general insurance and life insurance, annuities, pension and group/ voluntary benefits. Its proprietary solutions and trademarks include Majesco, Agile Technologies, Majesco CloudInsurer, Majesco Digital1st, Digital1st, Advice Plus, Illustrate Plus, Channel Plus, MajescoMastek, Elixir, Cover-All, and Admin Plus. It has presence across the US, the UK, Mexico, Ireland, Canada, Singapore, Malaysia, Thailand, and India. Majesco is headquartered...
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Company Insights
New York Life Insurance Company – Digital Transformation Strategies
New York Life has been leveraging big data and investing cloud-based solutions to enhance underwriting process and improve customer service. The annual ICT spending of New York Life was estimated at $1.8 billion in 2021. A major share of this spending is earmarked for acquiring ICT services, software, and hardware from vendors. New York Life Insurance Company is a mutual life insurance company. The company and its subsidiaries offer insurance, retirement, and investment solutions to retail customers as well as...
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Analyst Opinions
Predict and Prevent – Insurance on the Cusp of Tumultuous Tech Transformation
The days of traditional insurance are slowly fading away with the advent of emerging technologies to better manage risk, automate claims, and enrich customer experiences. In this evolution, the sector is switching from the current ‘find and fix’ approach to ‘predict and prevent’, the trend which will accelerate as its stakeholders become more cognizant of the new technologies. Emerging technologies are becoming indispensable components across the sector value chain to benefit both insurers and their customers. AI, IoT, big data,...