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“Hot Topics” for Insurers: Social, Mobile, Analytics, Big Data, Cloud, Digital, and IoT/Drones

Published: January 2017
Non-Client Price: $1,950

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Summary

Hot Topic areas like social, mobile, analytics, big data, cloud, digital, and Internet of Things are still discussed more than they are deployed in most cases, but the balance is shifting. Growing deployment rates, increasingly understood value propositions, and fears of being lapped by well-funded InsureTech players are making these Hot Topic areas increasingly mainstream for US insurers. This report provides a snapshot of current usage and plans for 2017 based on a survey of 91 insurer CIO members of the Novarica Insurance Technology Research Council.

It also looks at changes in deployment rates since 2014, and the limits of ROI calculations when it comes to emerging technology.

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CONTENTS
Introduction…4
Change in Deployment Rates Since 2014…6
Social Media…7
Mobile…8
Analytics…9
Big Data…10
Cloud…11
Digital…12
Internet of Things and Drones…14
Quantifying the Value…15
Concluding Thoughts…16
About Novarica…17

  • Tagged:
  • Cloud
  • , Data
  • , Digital
  • , Emerging Tech
  • , Research Council Studies
  • , Analytics
  • , Big Data
  • , Life Insurance
  • , Property/Casualty
  • , IoT