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Thematic Analysis
NewPersonalization in Insurance – Thematic Intelligence
Personalization in Insurance Thematic Report Overview Insurance companies are recognizing the value of personalized policies to attract and retain customers. Insurers can personalize policies based on policyholder behaviors, preferences, and risk profiles, with unprecedented accuracy by leveraging AI and machine learning algorithms. Personalized policies not only provide customers with coverage that meets their specific requirements but also demonstrate an understanding of their unique circumstances, fostering trust and loyalty. The ‘Personalization in Insurance’ thematic intelligence report gives you an in-depth insight...
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Product Insights
United Kingdom (UK) Pet Insurance Market Dynamics, Trends and Opportunities
UK Pet Insurance Market Overview The UK pet insurance market size was GBP1.58 billion in 2022. The market is expected to achieve a CAGR of more than 4% during 2022-2027. The market will be primarily driven by rising premiums, which are unavoidable due to the increasing cost of veterinary care. UK Pet Insurance Market Outlook, 2022-2027 (GBP Billion) Buy the Full Report for More Insights into the UK Pet insurance Market Forecast Download a Free Report Sample The United Kingdom...
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Thematic Analysis
Demographics in Insurance – Thematic Intelligence
Demographics in Insurance Theme Analysis Report Overview Aging populations will present challenges to insurers as pensions will need to be larger to cover living expenses for a longer period. The growing pressure on public finances and state pensions will provide an opportunity for private pension providers to alleviate the financial challenges. These consumers will also present increased risk profiles within the health insurance space as they age, creating further challenges to the healthcare and insurance industry in tandem. The Demographics...
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Sector Analysis
Swiss Re – Enterprise Tech Ecosystem Series
Swiss Re has been focusing on using artificial intelligence, cloud, big data, cognitive computing, and blockchain to digitally transform its operations. The annual ICT spending of Swiss Re was estimated at $1.8 billion for 2022. A major share of this spending is earmarked for acquiring software, network and communications, and hardware from vendors. Swiss Re provides wholesale reinsurance, insurance, and risk transfer solutions. The company provides reinsurance products for property, casualty, aviation, marine, agriculture, political risk, and surety. The Swiss...
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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,...
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Thematic Analysis
Connected Cars in Insurance – Thematic Research
The global connected cars market size was $27.3 billion in 2020 and the market is expected to grow at a CAGR of more than 7% between 2020 and 2030. A great proportion of the connected car market’s growth will not only be due to the year-on-year expansion of connected vehicles on roads but also due to the utilization of telematics technology. The expansion of the connected car market flags the potential for insurers to integrate personalized aspects of how motor...
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Sector Analysis
UK Private Motor Insurance: Market Dynamics & Opportunities 2017
"UK Private Motor Insurance: Market Dynamics & Opportunities 2017", analyzes the UK private motor insurance market, looking at market size as well as changes in premiums, claims, road casualties, the motor parc, regulations, and opportunities. It discusses competitors in the market, how the market is likely to change due to telematics and driverless cars, and provides future forecasts of market size up to 2021. The private motor insurance market grew significantly in GWP in 2016. This was due to increasing...
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Thematic Analysis
Digital Challengers in Insurance – Thematic Research
This report provides an in-depth analysis of the digital players and startups in the insurance market. It analyzes the size and scale of the market in terms of deal value and volume over time, as well as the average deal price. It investigates the areas of insurance that startups are successfully challenging and transforming and reveals where incumbent insurers may be lagging behind.
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Company Insights
Swiss Re: Fintech Ecosystem
Swiss Re’s insurtech initiatives include collaborating with technology companies and start-ups to tap into analytics technologies that can help it create virtual workplaces capable of digitalizing information management and risk evaluation processes for the company and its partners. It has launched various digital platforms to cater to capitalize on untapped opportunities, while easing its insurer partners’ operational procedures and helping them deliver services through a secure platform. Swiss Re is actively supporting insurtech start-ups across India and Europe, both by...
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Sector Analysis
Insurtech and Customer Services: Lessons for the Incumbents
The emergence of insurtech has been fueled by new digital capabilities and Internet of Things (IoT) devices that are reducing costs, changing systems and processes, and enhancing the consumer experience. From an industry burdened by outdated systems and paper-based operations, the insurtech space has emerged as one of the largest innovation ecosystems globally in 2016, and is set to modernize the industry in the years going forward. It has taken a while for banks and insurance firms to fully embrace...