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Company Insights
Aon – Digital Transformation Strategies
Aon Digital Transformation Strategies Overview The annual ICT spending of Aon was estimated at $511.8 million for 2023. The following are some of the key highlights of the Aon digital transformation strategies market: Aon has been focusing on using artificial intelligence, cloud, and big data to digitally transform its operations. 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,...
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Sector Analysis
United Kingdom (UK) Commercial Property Insurance Market Trends, Competitor Dynamics and Opportunities
The gross written premium (GWP) in the UK commercial property insurance market was valued at GBP12.2 billion in 2022. The commercial property insurance market in the UK is predicted to expand gradually at a CAGR of more than 4% from 2022 to 27. It is projected that factors such as rising repair costs and hardening market rates will fuel premium increases in the coming years. UK Commercial Property Insurance Market Outlook 2022-2027 (GBP Billion) Buy The Full Report for More...
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Thematic Analysis
Insurtech – Thematic Intelligence
Insurtech Thematic Report Overview Insurtechs can create innovative solutions for content generation using generative AI, risk modeling, and customer engagement. For instance, they can use generative AI to generate personalized insurance policies based on customer data, enhancing customer experiences and increasing policy uptake. Additionally, generative AI can be utilized to create interactive chatbots or virtual assistants that provide real-time support and streamline claims processing. Thus, by leveraging generative AI's ability to generate new content, insurtechs can also improve marketing efforts,...
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Sector Analysis
Impact of Inflation on United Kingdom (UK) Personal Lines Insurance Market
This report provides an overview of some of the leading macroeconomic trends driving inflation in the UK economy, as well as those set to affect future inflation and GDP growth rates in 2023 and beyond. It analyzes how insurance consumer behavior has changed in the past 12 months and how it will continue to change in the future, with specific analysis of the motor, household, pet, and travel insurance sectors. The report also looks at the UK economy heading into...
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Thematic Analysis
Robotics in Insurance – Thematic Research
Robotics is a fast-growing industry that is helping insurers inspect post-catastrophe areas that are hazardous for human adjusters. Insurers are increasingly using a key segment of the robotics value chain, drones, to streamline claims and risk assessment processes. Drones help insurers gather vast amounts of data, including images of large or hard-to-reach assets, whether for risk assessment or during the claims process. Maintenance robots monitor the condition of an asset and alert customers when a repair is needed, reducing the...
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Thematic Analysis
ESG (Environmental, Social, and Governance) in Insurance – Thematic Research
With significant evidence that sustainable companies are likely to be more profitable in the long run, the case for environmental, social, and governance (ESG) action is strong in every industry. As institutional investors and underwriters of risk, insurers should use their size and influence to encourage ESG progress in other sectors. For insurers specifically, several trends will shape ESG strategies. These include the rise in global warming-induced severe weather events and COVID-19, which has worsened existing social inequalities. Insurance companies...
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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
Computer Vision in Insurance – Thematic Research
This report provides an in-depth analysis of the computer vision industry and the different ways computer vision technology is impacting the insurance value chain. It examines the technology’s impact across different lines of business and highlights the key players in the space utilizing computer vision within their operations.
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Thematic Analysis
Artificial Intelligence (AI) in Insurance – Thematic Research
Incumbent insurers are increasingly under threat from disruptive insurtech startups. These companies are drawing on technologies such as artificial intelligence (AI), cloud computing, and the internet of things (IoT) to offer a more personalized insurance experience. Additionally, technologies such as machine learning (ML), computer vision (CV), and conversational platforms can enhance customer service, claims processing, and underwriting. The emergence of several specialist tech vendors has meant these tools are now more accessible to the ordinary insurer. The AI in insurance...
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Thematic Analysis
Mergers and Acquisitions in Insurance (2017-Q1 2020) – Thematic Research
This report provides an in-depth analysis of trends in the M&A market that will shape the insurance industry over the coming years. It looks at four different areas: • Thematic drivers of M&A strategy • How will COVID-19 impact the M&A market? • M&A activity in the insurance sector from Q1 2017 to Q1 2020 • Future acquisition targets in the insurance sector