Insurance Predictions in 2024 – Thematic Intelligence

Powered by

All the vital news, analysis, and commentary curated by our industry experts.

Accessing in-depth insights from the ‘Insurance Predictions in 2024’ report will help in:

  • Analyzing the major themes that will impact the insurance industry in 2024.
  • Identifying the top 15 themes impacting the insurance industry – Personalization, Wellbeing, Embedded Insurance, Insurtech, Parametric Insurance, Cyber Insurance, ESG – Environmental (Nat Cat), Electric Vehicles, AI, Big Data, IoT, Future of Work, Inflation, ESG, and Geopolitics.
  • Exploring a wide range of capabilities that insurers, reinsurers, and brokers can utilize to transform their services and processes, while potentially saving both time and money.
  • Evaluating a series of predictions as well as winners and losers for each theme.

How is the ‘Insurance Predictions in 2024’ thematic report unique from other reports in the market?

  • The report helps in understanding the most disruptive themes in insurance for 2024.
  • The report provides access to key predictions per theme and helps in creating strategies and tech decisions at your institution.
  • The report helps in recognizing which individual firms are best placed to win or lose amid predicted thematic impacts.

We recommend this valuable source of information to anyone involved in:

  • ​Insurance Companies and Start-Ups
  • Brokers/Agents, Financial Advisors; Underwriters/Insurers/Reinsurers
  • Insight Managers/Marketing Executives/Strategy Teams/ Investment Analysts and Portfolio Managers
  • Business Development and Market Intelligence
  • Professional Services – Investment Banks, PE/VC firms
  • M&A/Investment, Management Consultants and Consulting Firms

To Get a Snapshot of the Insurance Predictions in 2024 Thematic Intelligence Report

Download a Free Report Sample

Insurance Predictions Theme Analysis Report Overview

The top 15 themes in insurance predictions for 2024 are classified into three groups – industry, technology, and macroeconomic. The major industry themes impacting the insurance sector in 2024 are personalization, wellbeing, embedded insurance, and insurtech, among others. AI, big data, IoT, and the future of work are expected to be the most talked about technology themes in 2024. The major macroeconomic themes impacting the insurance industry are inflation, ESG, and geopolitics.

Insurance Predictions – Top Themes 2024

Insurance Predictions – Top Themes 2024

Buy the Full Report for More Insights on Top Themes in the Insurance Industry in 2024

Download a Free Report Sample

The Insurance Predictions thematic intelligence report identifies the top themes that will impact the insurance sector’s growth in the coming years. For each theme, the report offers a series of predictions, identifies winners and losers, and points one to further reading. Moreover, the report assesses how leading players within the market are positioned for the future.

Report Pages 32
Regions Covered Global
Top Themes ·        Personalization

·        Wellbeing

·        Embedded Insurance

·        Insurtech

·        Parametric Insurance

·        Cyber Insurance

·        ESG – Environmental (Nat Cat)

·        Electric Vehicles

·        AI

·        Big Data

·        IoT

·        Future of Work

·        Inflation

·        ESG

·        Geopolitics

Enquire & Decide Discover the perfect solution for your business needs. Enquire now and let us help you make an informed decision before making a purchase.

Insurance Predictions – Top Themes

The top themes analyzed in the report are:

  • Personalization
  • Wellbeing
  • Embedded Insurance
  • Insurtech
  • Parametric Insurance
  • Cyber Insurance
  • ESG – Environmental (Nat Cat)
  • Electric Vehicles
  • AI
  • Big Data
  • IoT
  • Future of Work
  • Inflation
  • ESG
  • Geopolitics

Artificial Intelligence: The COVID-19 pandemic in 2020 and the cost-of-living crisis starting in 2022 created difficult investment environments in both years. Therefore, there were significant drop-offs in deals completed in 2020 and 2022. Although the cost-of-living crisis continued and worsened in 2023, the excitement around the application of generative AI in the insurance sector resulted in a surge in investment within the AI theme. Insurance industry insiders believe that AI will have the most positive impact in the underwriting and risk assessment segment of the value chain.

Inflation: Inflation and the cost-of-living crisis are the most immediate concerns facing the insurance industry. Currently, consumers and businesses have extremely stretched budgets. This is because expenditure increased at an unprecedented rate during the latter half of 2022 as well as during all of 2023, across the world. Insurers have been facing challenges to keep retention rates high even while pushing their rate rises to pay for their own running and staff costs.

ESG: In current times, ESG is an important factor for all consumers and businesses and there have been protests and demonstrations across the world focused on climate change challenges. Hence, any business seen as a laggard within this theme will start facing challenges while working with consumers and businesses.

Buy the Full Report for More Insights on Insurance Predictions in 2024

Download a Free Report Sample

Scope

– The emergence of generative AI in 2023 has caused a great deal of excitement within the insurance industry. It offers a wide range of capabilities that insurers, reinsurers, and brokers can utilize to transform their service and processes, while potentially saving both time and money.

– The leading theme in the 2023 version of this report was inflation and the cost-of-living crisis and its impact continues to be felt across the insurance industry. As a result, keeping retention rates high across all product lines will be the key challenge for insurers going into 2024.

– Insurers need to combat climate change due to the cost they endure from severe weather events, but the most significant point in the short term is that action will be driven by consumer demand and insurers will need to be proactive as a result.

Aviva
AXA
Ping An
Zhong An
Zego
Metromile
Lemonade
By Miles
Swiss Re
Munich Re
Vitality
YuLife
dacadoo
Chubb
Aon
Allianz
Root
Zurich
Tapoly
FloodFlash

Table of Contents

  • 1. Executive Summary
  • 2. Top Themes for 2024

    • 2.1. Artificial Intelligence
    • 2.2. Inflation and Cost of Living
    • 2.3. ESG
    • 2.4. Cyber Insurance
    • 2.5. Personalization
    • 2.6. Internet of Things
    • 2.7. Wellbeing
    • 2.8. The Future of Work
    • 2.9. Electric Vehicles
    • 2.10. Big Data
    • 2.11. Embedded Insurance
    • 2.12. Insurtech
    • 2.13. Geopolitics
    • 2.14. ESG Environmental (Natural Catastrophe)
    • 2.15. Parametric Insurance

  • 3. Sector Scorecards

    • 3.1. Non-life insurance sector scorecard
    • 3.2. Life insurance sector scorecard

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

Frequently asked questions

Insurance Predictions in 2024 – Thematic Intelligence thematic reports
Currency USD
$995

Can be used by individual purchaser only

$1,995

Can be shared globally by unlimited users within the purchasing corporation e.g. all employees of a single company


Undecided about purchasing this report?

Enquire Before Buying Request a Free Sample

Get in touch to find out about multi-purchase discounts

reportstore@globaldata.com
Tel +44 20 7947 2745

Every customer’s requirement is unique. With over 220,000 construction projects tracked, we can create a tailored dataset for you based on the types of projects you are looking for. Please get in touch with your specific requirements and we can send you a quote.

Sample Report

Insurance Predictions in 2024 – Thematic Intelligence was curated by the best experts in the industry and we are confident about its unique quality. However, we want you to make the most beneficial decision for your business, so we offer free sample pages to help you:

  • Assess the relevance of the report
  • Evaluate the quality of the report
  • Justify the cost

Download your copy of the sample report and make an informed decision about whether the full report will provide you with the insights and information you need.

Below is a sample report to understand what you are buying

See what our customers are saying

“The GlobalData platform is our go-to tool for intelligence services. GlobalData provides an easy way to access comprehensive intelligence data around multiple sectors, which essentially makes it a one-for-all intelligence platform, for tendering and approaching customers.

GlobalData is very customer orientated, with a high degree of personalised services, which benefits everyday use. The highly detailed project intelligence and forecast reports can be utilised across multiple departments and workflow scopes, from operational to strategic level, and often support strategic decisions. GlobalData Analytics and visualisation solutions has contributed positively when preparing management presentations and strategic papers.”

Business Intelligence & Marketing Manager, SAL Heavy Lift

“COVID-19 has caused significant interference to our business and the COVID-19 intelligence from GlobalData has helped us reach better decisions around strategy. These two highlights have helped enormously to understand the projections into the future concerning our business units, we also utilise the project database to source new projects for Liebherr-Werk to use as an additional source to pitch for new business.”

Market Analyst & Management, Liebherr-Werk

Your daily news has saved me a lot of time and keeps me up-to-date with what is happening in the market, I like that you almost always have a link to the source origin. We also use your market data in our Strategic Business Process to support our business decisions. By having everything in one place on the Intelligence Center it has saved me a lot of time versus looking on different sources, the alert function also helps with this.

Head of Key Accounts, Saab AB

Having used several other market research companies, I find that GlobalData manages to provide that ‘difficult-to-get’ market data that others can’t, as well as very diverse and complete consumer surveys.

Marketing Intelligence Manager, Portugal Foods

Our experience with GlobalData has been very good, from the platform itself to the people. I find that the analysts and the account team have a high level of customer focus and responsiveness and therefore I can always rely on. The platform is more holistic than other providers. It is convenient and almost like a one stop shop. The pricing suite is highly competitive and value for our organisation.

I like reports that inform new segments such as the analysis on generation Z, millennials, the impact of COVID 19 to our banking customers and their new channel habits. Secondly the specialist insight on affluent sector significantly increases our understanding about this group of customers. The combination of those give us depth and breadth of the evolving market.

I’m in the business of answering and helping people make decisions so with the intelligence center I can do that, effectively and efficiently. I can share quickly key insights that answer and satisfy our country stakeholders by giving them many quality studies and primary research about competitive landscape beyond the outlook of our bank. It helps me be seen as an advisory partner and that makes a big difference. A big benefit of our subscription is that no one holds the whole data and because it allows so many people, so many different parts of our organisation have access, it enables all teams to have the same level of knowledge and decision support.

Head of Customer Insight and Research, Standard Chartered

“I know that I can always rely on Globaldata’s work when I’m searching for the right consumer and market insights. I use Globaldata insights to understand the changing market & consumer landscape and help create better taste & wellbeing solutions for our customers in food, beverage and healthcare industries.

Globaldata has the right data and the reports are of very high quality compared to your competitors. Globaldata not only has overall market sizes & consumer insights on food & beverages but also provides insights at the ingredient & flavour level. That is key for B2B companies like Givaudan. This way we understand our customers’ business and also gain insight to our unique industry”

Head of Consumer Sensory Insights, Givaudan

GlobalData provides a great range of information and reports on various sectors that is highly relevant, timely, easy to access and utilise.  The reports and data dashboards help engagement with clients; they provide valuable industry and market insights that can enrich client conversations and can help in the shaping of value propositions. Moreover, using GlobalData products has helped increase my knowledge of the finance sector, the players within it, and the general threats and opportunities.

I find the consumer surveys that are carried out to be extremely beneficial and not something I have seen anywhere else. They provided an insightful view of why and which consumers take (or don’t) particular financial products. This can help shape conversations with clients to ensure they make the right strategic decisions for their business.

One of the challenges I have found is that data in the payments space is often piecemeal. With GD all of the data I need is in one place, but it also comes with additional market reports that provide useful extra context and information. Having the ability to set-up alerts on relevant movements in the industry, be it competitors or customers, and have them emailed directly to me, ensures I get early sight of industry activity and don’t have to search for news.

Senior Account Manager, TSYS

Related reports

View more Insurance reports
Financial Services
New
Augmented Reality (AR) in Banking - Thematic Intelligence
$995 | March 2024
Financial Services
New
Belgium Cards and Payments - Opportunities and Risks to 2028
$2,750 | March 2024
Go even deeper with GlobalData Intelligence Center

Every Company Report we produce is powered by the GlobalData Intelligence Center.

Subscribing to our intelligence platform means you can monitor developments at Insurance Predictions in 2024 – Thematic Intelligence in real time.

  • Access a live Insurance Predictions in 2024 – Thematic Intelligence dashboard for 12 months, with up-to-the-minute insights.
  • Fuel your decision making with real-time deal coverage and media activity.
  • Turn insights on financials, deals, products and pipelines into powerful agents of commercial advantage.