Top Five Disruptors in the Next Five Years for Insurers
Authors: Matthew Josefowicz
Published: January 2013
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Our survey of more than 70 insurer CIOs asked them to look five years out and consider the biggest potential disruptors to their businesses. We also asked what steps they were taking today to prepare.
We grouped the responses into five major categories: regulatory changes, shifting market needs and expectations, the financial environment, increased catastrophes, and the emergence of big data and the increased importance of analytics.
As Yogi Berra famously said, “It’s hard to make predictions, especially about the future.” But for insurers, a highly probable future has more regulations, more demanding consumers, more challenging investment markets, more catastrophe losses, and much more data to be consumed, managed, and analyzed effectively.
This report is designed to help insurer CIOs understand what their peers see on the far horizon and what they’re doing about it now.