CNA Financial Corporation (CNA) has been focusing on using artificial intelligence, cloud, data analytics, and blockchain to digitally transform its operations. The annual ICT spending of CNA was estimated at $459.0 million for 2021. A major share of this spending is earmarked for acquiring software, consulting, and hardware from vendors. CNA is an insurance holding company that offers commercial property and casualty insurance products. It offers insurance products for general liability, management liability, professional liability, directors and officers, workers’ compensation, marine, and business interruption. It also offers surety and fidelity bonds, and commercial auto insurance.
The CNA enterprise tech ecosystem report will act as a reference point to understand a company/competitor’s digital strategy. It will also help in understanding the digital preparedness of the company against its peers. The information included in these reports is sourced from a mix of our very own internal database and authentic secondary research links such as the company’s annual report, presentations, press releases, etc. The report covers an overview of the company, its digital transformation strategies, technology focus areas, technology partnerships, technology introductions, and ICT spending among others.
Digital Transformation Strategies
CNA uses data analytics and modeling techniques to estimate and analyze loss trends, exposures, and other risks associated with its assets and liabilities. This includes proprietary and third-party modeled outputs and analysis that aids decision-making concerning pricing, underwriting, reserving, capital allocation, and reinsurance. CNA is also creating an internal team with individuals skilled in data analytics, modeling, and machine learning to enhance its underwriting expertise.
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CNA Technology Theme Focus
CNA is utilizing a number of emerging technologies including artificial intelligence, cloud, and big data among others to boost operational efficiencies, improve product offerings, enhance the customer experience, and minimize risks.
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CNA Technology Initiatives
CNA has been involved in several strategic technology partnerships and collaborations, and technology developments and roll outs over the last few years. For instance, in 2019, the company partnered with Shift Technology to leverage its data science expertise in fraud detection.
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CNA ICT Spend by Function
- Data center
- End-user computing
- Service desk
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CNA ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- ICT services providers/consulting firms
- Specialist outsourcers
- Systems integrators
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CNA External ICT Spend by Segment
- Software (including Cloud SaaS)
- Hardware (including Cloud Iaas)
- ICT services
- Network and communications
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CNA Tech Ecosystem Overview
|Total ICT Spending 2021||$459.0 million|
|ICT Spend by Function||Data center, Communications, Network, Application, End-User Computing, Management, and Service desk|
|ICT Spend by Channel||Internal development and maintenance, Technology vendors (direct), Local resellers, Telcos, ICT services providers/consulting firms, Specialist outsourcers, and Systems integrators|
|External ICT Spend by Segment||Software (including cloud SaaS), Hardware (including cloud Iaas), ICT services, Consulting, Network and communications, and Others|
|Technology Theme Focus||Artificial Intelligence, Cloud, and Big Data|
This report provides:
- Insight into CNA’s technology activities.
- Overview of technology initiatives covering partnerships, and technology introductions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets.
Reasons to Buy
- Gain insights into CNA’s technology operations.
- Gain insights into its technology strategies and innovation initiatives.
- Gain insights into its technology themes under focus.
- Gain insights into its various partnerships.
The Institutes RiskStream Collaborative
Hartford Steam Boiler
The Helper Bees
Table of Contents
Table of Contents
Digital Transformation Strategy
Partnership Network Map
Frequently Asked Questions
The annual ICT spending of CNA was estimated at $459.0 million in 2021.
The key ICT spending categories by function for CNA are communications, data center, network, applications, end-user computing, ICT service desk, and management.
The key ICT spending categories by channel for CNA are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
The key external ICT spending categories by segment for CNA are ICT services, software (including cloud SaaS), hardware (including cloud IaaS), ICT services, network and communications, consulting, and others.
The key technological theme in focus for CNA are artificial intelligence, cloud, and big data.