Travelers – Enterprise Tech Ecosystem Series

Pages: 22 Published: July 29, 2022 Report Code: GDFS0629CA

Travelers has been focusing on using data analytics, virtual reality, artificial intelligence, and cloud to digitally transform its operations. The annual ICT spending of Travelers was estimated at $1.5 billion for 2021. A major share of this spending is earmarked for acquiring software, ICT services, and hardware from vendors. Travelers is an insurance company that offers a range of commercial and personal property and casualty insurance products and services. It provides insurance products for auto, real estate, marine, valuable items, wedding, and identity fraud. It also offers flood insurance, business owner cover, special risk insurance, management and professional liability insurance, and surety bonds.

The Travelers 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, accelerator programs & innovation initiatives, technology partnerships, technology introductions, investments, acquisitions, and ICT spending among others.

Digital Transformation Strategies

Travelers has called upon the likes of data scientists, data engineers, actuaries, statisticians, and application developers to form cross-functional teams with expertise in machine learning, AI, data mining, predictive modeling, and cloud security architecture. These hires work on sourcing unstructured data, analyzing trends and patterns, improving existing damage estimation and claims management procedures, and predicting customers’ needs.

To gain more insights on digital transformation strategies and initiatives of Travelers, download a free report sample.

Travelers Technology Theme Focus

Travelers is utilizing several emerging technologies including data analytics, virtual and augmented reality, and artificial intelligence among others to enhance its operational and service capabilities.

Travelers Technology Theme Focus

To know about other technology themes under focus for the company, download a free report sample

Travelers Technology Initiatives

Travelers has been involved in several strategic technology partnerships and collaborations, technology developments and roll-outs, technology investments, and acquisitions over the last few years. For instance, in 2018, the company partnered with Triax Technologies to introduce wearables at construction sites. Through the partnership, Travelers tested Triax’s solutions at construction sites to determine the ability of wearable devices to predict, prevent, and minimize accidents causing injuries to employees and property losses resulting from fire damage, theft, and water leaks Currently, Travelers is leveraging the data collected from Triax devices to improve worker safety and ensure efficient project management for its clients.

For more insights on other technology initiatives of Travelers, download a free report sample

Travelers ICT Spend by Function

  • Data center
  • Communications
  • Network
  • Applications
  • End-user computing
  • Management
  • Service desk

Travelers ICT Spend by Function

For more insights on ICT spending by function, download a free report sample

Travelers ICT Spend by Channel

  • Internal development and maintenance
  • Technology vendors (direct)
  • Local resellers
  • Telcos
  • ICT services providers/consulting firms
  • Specialist outsourcers
  • Systems integrators

Travelers ICT Spend by Channel

For more insights on ICT spending by channel, download a free report sample

Travelers External ICT Spend by Segment

  • Software (including Cloud SaaS)
  • Hardware (including Cloud Iaas)
  • ICT services
  • Consulting
  • Network and communications
  • Others

Travelers External ICT Spend by Segment

For more insights on external ICT spending by segment, download a free report sample

Travelers Tech Ecosystem Overview

Total ICT Spending 2021 $1.5 billion
ICT Spend by Function Data center, Communications, Network, Application, End-User computing, Management, and ICT 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 Data Analytics, Virtual and Augmented Reality, and Artificial Intelligence

This report provides:

  • Insight into Travelers’ technology activities.
  • Insights of its accelerator programs & innovation initiatives.
  • Overview of technology initiatives covering partnerships, technology introductions, investments, and acquisitions.
  • Insights on each technology initiative including technology theme, objective, and benefits.
  • Details of estimated ICT budgets.

Reasons to Buy

  • Gain insight into Travelers’ insurtech operations.
  • Discover its fintech strategies and innovation initiatives.
  • Learn about its product launches, partnerships, and investments.

Key Players

  • Amazon

    Samsung

    Bayer

    Westhill

    Trov

    PayPal

    Symantec

Table of Contents

Table of Contents

Overview

Digital Transformation Strategy

Accelerator Programs and Innovation Initiatives

Technology Focus

Technology Initiatives

Investments and Acquisitions

Partnership, Investment, and Acquisition Network Map

ICT Budget and Contracts

Key Executives

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