Based on a global survey of over 6,600 business and IT executives, Accenture earlier released Technology Vision 2019. With insurers comprising almost 10% of those surveyed, it was confirmed that the industry knows it needs to keep up in order to stay relevant in the post-digital era. Digital hasn’t disappeared; it’s the new baseline. What we call the ‘post–digital’ era is not a time when digital has run its course—on the contrary, most…
The great debate this year involving self-driving cars has been whether the new technology will completely disrupt or present new opportunities for the auto insurance industry. First came the news of a brand new insurtech entering the market in late January. Avinew is the brainchild of venture capitalist and entrepreneur Dan Peate, who wanted to…
We know from Accenture’s Cloud Readiness Study that insurers recognize the many benefits of cloud adoption and are ready to get started on their transformation. As I explained in my previous post, there are four key focus areas that can help you expand and accelerate your cloud transformation, putting you in the best position to…
Many insurance carriers are rethinking their property underwriting solutions—with good reason. Most current systems were created before the digital age, and it sure shows. They often require laborious and repetitious manual data entry and don’t easily share location information across the enterprise or resolve conflicts in location data. This lack of precision in underwriting data…
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