Zurich – Enterprise Tech Ecosystem Series
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Zurich Digital Transformation Strategies Report Overview
The annual ICT spending of Zurich was estimated at $2.6 billion in 2022. A major share of this spending is earmarked for acquiring consulting, hardware, and ICT services from vendors. Zurich has been focusing on AI-based innovation as a part of its digital transformation strategies. Zurich is a global insurance company offering a variety of life and property and casualty (P&C) insurance products to individuals, small businesses, mid-sized and large companies, and multinational corporations.
The Zurich Digital Transformation Strategies 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. Information included in these reports are sourced from a mix of our very own internal database and authentic secondary research links such as company’s annual report, presentations, press releases etc. The report covers overview of the company, its digital transformation strategies, technology focus areas, technology initiatives, technology introductions, investments, acquisitions, ICT spending among others.
Digital Transformation Strategies
Zurich has deployed robotic process automation (RPA) technologies in its global life and general insurance business divisions to improve customer convenience and save operational overheads. It applied RPA technologies to automate the claims process, and through this the company was able to reserve less cash for claims, thereby increasing cash flow across the organization. The company has also deployed software bots to automate the process of issuing standard insurance policies to customers.
To gain more insights on digital transformation strategies and initiatives of Zurich, download a free report sample
Zurich Technology Theme Focus
Zurich is utilizing number of emerging technologies including artificial intelligence, big data, blockchain, among others to improve operational efficiency and enhance customer experience.
Zurich Technology Focus
To know about other technology themes under focus for the company, download a free report sample
Zurich Technology Initiatives
Zurich has been involved in several strategic technology partnerships and collaborations, technology developments and roll outs, acquisitions, and technology investments over the past few years.
For instance, Zurich extended its collaboration with Greater Than, an insurtech company. The extended collaboration came into effect after the latter signed a partnership agreement with Onto, an electric vehicle subscription service in the UK. Under the extended collaboration, both Zurich and Onto, will obtain predictive risk data from Greater Than’s Enerfy AI Risk Portfolio Tracker, which has been connected to Onto’s entire fleet. Zurich can use the risk data to develop dynamic insurance solutions for Onto.
For more insights on other technology initiatives of Zurich, download a free report sample
Zurich ICT Spend by Function
- Communications
- Data center
- Network
- Application
- End-user computing
- ICT service desk
- Management
Zurich ICT Spend by Function
For more insights on ICT spending by function, download a free report sample
Zurich ICT Spend by Channel
- Internal development and maintenance
- Technology vendors (direct)
- Local resellers
- Telcos
- ICT services providers/Consulting firms
- Specialist outsourcers
- Systems integrators
Zurich ICT Spend by Channel
For more insights on ICT spending by channel, download a free report sample
Zurich External ICT Spend by Segment
- ICT services
- Software (including Cloud SaaS and PaaS)
- Hardware (including Cloud IaaS)
- Network and communications
- Consulting
- Others
Zurich External ICT Spend by Segment
For more insights on external ICT spending by segment, download a free report sample
Zurich Digital Transformation Strategies Overview
Total ICT Spending 2022 | $2.6 billion |
ICT Spend by Function | Communications, Data Center, Network, Application, End-User Computing, Service Desk, and Management |
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 | ICT Services, Software (including Cloud SaaS and PaaS), Hardware (including Cloud IaaS), Network and communications, Consulting, and Others |
Technology Theme Focus | Artificial Intelligence, Big Data, Blockchain, |
This report provides:
- Insight into Zurich’s technology activities.
- Insights of its digital transformation strategies and technology center & innovation program.
- Overview of technology initiatives covering partnerships, investments, and acquisitions.
- Insights on each technology initiative including technology theme, objective, and benefits.
- Details of estimated ICT budgets and major ICT contracts.
Reasons to Buy
- Gain insights into Zurich’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, investments, and acquisitions.
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Table of Contents
Frequently asked questions
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What was the total ICT spending of Zurich in 2022?
The annual ICT spending of Zurich was estimated at $2.6 billion in 2022.
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What are the key ICT spending categories by function for Zurich?
The key ICT spending categories by function for Zurich are communications, data center, network, application, end-user computing, service desk, and management.
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What are the key ICT spending categories by channel for Zurich?
The key ICT spending categories by channel for Zurich are internal development and maintenance, technology vendors (direct), local resellers, telcos, ICT services providers/consulting firms, specialist outsourcers, and systems integrators.
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What are the key external ICT spending categories by segment for Zurich?
The key external ICT spending categories by segment for Zurich are ICT services, software (including cloud SaaS and PaaS), hardware (including cloud IaaS), network and communications, consulting, and others.
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What are the key technology themes in focus for Zurich?
The key technological theme in focus for Zurich are artificial intelligence, big data and blockchain among others.
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