Non-Life Insurance Sector Scorecard – Thematic Intelligence

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Non-Life Insurance Sector Scorecard Thematic Intelligence Report Overview

Artificial intelligence (AI) is the standout theme in the non-life insurance sector. The sharp rise of generative AI in recent years has made it a mega trend within the insurance industry. It offers the potential to transform the way the industry operates and help improve profit margins of leading players. Initially, leading players will focus on customer service and administrative tasks. Improving chatbots can offer effective 24/7 customer service, and a range of admin tasks can already be completed by AI. More ambitious case studies will see AI used to identify patterns of behavior leading to claims and offer suggestions on how to improve.

The non-life insurance thematic intelligence report provides analysis and scoring on the leading non-life insurers across the 10 themes we believe will define the future of the industry. We score them based on how proactive they are in each theme and their ability to adapt to key transformations in the theme in the coming years.

Report Pages 18
Regions Covered Global
Top Themes ·        AI

·        ESG

·        Personalization

·        Cyber insurance

·        Geopolitics

·        Insurtech

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Non-Life Insurance Theme Map

The biggest themes impacting the non-life insurance sector are AI, ESG, personalization, cyber insurance, geopolitics, and insurtech among others. Our theme map for the non-life insurance industry highlights the big themes driving share prices and is the result of a series of interviews with senior industry executives and investors, reflecting an up-to-date view of the issues that keep them awake at night. Our theme maps cover not only disruptive tech themes but also macroeconomic and regulatory themes.

Non-Life Insurance Sector Theme Map, 2024

Non-Life Insurance Sector Theme Map, 2024

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Artificial Intelligence (AI): AI has been the standout theme within the insurance industry – and most other industries – since the sharp rise of generative AI at the end of 2022, in 2023, and continuing into 2024. It has the power to change how those involved in the insurance sector function. It is still in relatively early stages within insurance.

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Non-Life Insurance Sector Scorecard

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Our sector scorecard has three screens – a thematic screen, a valuation screen, and a risk screen.

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.
  • The risk screen ranks companies within a particular sector based on overall investment risk.

Non-life insurance Sector Scorecard – Thematic Screen

Non-life insurance Sector Scorecard – Thematic Screen

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Scope

  • Artificial intelligence (AI) is the leading theme within the insurance industry at present. There has been a great deal of buzz around AI since the emergence of generative AI at the start of 2023.
  • Long-term themes, such as cyber insurance and especially ESG, are also crucial to the non-life insurance segment. Insurers need to ensure they are doing all they can to become leaders in these themes.
  • Our non-life insurance scorecard finds that the two global reinsurers are industry leaders across the themes we believe to be most important: Munich Re and Swiss Re.

Key Highlights

  • COVID-19 has been the standout theme across the global insurance industry since the outbreak of the pandemic in 2020. The majority of countries have now moved on from restrictions, and while shifts in consumer behavior are likely to be permanent, COVID-19 is no longer the clear leading theme across the industry.
  • ESG will be the most important theme in which incumbent insurers will establish themselves as leaders. Insurers’ stance on climate change will become increasingly important as younger generations grow up, enter the insurance markets, and become decision-makers within businesses.
  • Personalization is another leading theme that prospective market leaders will need to excel in. This will become even more essential due to ongoing cost-of-living crises. Insurers will need to be flexible to keep penetration rates up.

Reasons to Buy

  • Benchmark yourself against the rest of the market.
  • Discover market leaders across 10 themes that are essential in the non-life insurance industry.
  • Discover what the 10 key themes are and understand why we believe them to be so crucial.

Admiral
Ageas
AIA Allianz
Allstate
Anorak
Aviva
Axa
Chubb
Covea

Hiscox
Insurance Australia Group
PICC
Ping An
Progressive
Prudential
Root insurance
RSA
Suncorp
Tokio Marine
Zurich
Sompo Holdings
VIG
Discovery
Bupa
Manulife Financial
Cigna
Yulife
Dacadoo
Royal London
Saga
Lv=
Dai-Ichi Life
Swiss Re
Munich Re

Table of Contents

  • 1. Executive Summary
  • 2. Introduction
  • 3. Themes
  • 4. Sector Scorecard: Non-Life Insurance Sector

    • 4.1. Who’s who
    • 4.2. Thematic screen
    • 4.3. Valuation screen
    • 4.4. Risk screen

  • 5. Our Thematic Research Methodology
  • 6. About GlobalData
  • 7. Contact Us

Frequently asked questions

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