The insurance industry is affected heavily by trends coming from digitalization and technology. It is relevant from two perspectives: a) having a clear view of the risk to be insured, and b) also seeing business opportunities for themselves and their clients.
The client was facing the following challenges
- Many digitalization trends happening at the same time
- Uncertainty of disruptive potential for established business
- Undefined application potential of new technologies
This is how the challenge was faced
- Screening relevant digital technologies
- Distinction between short-, mid-, and long-term impact potential
- Drafting existing and future use cases
- Market screening of existing leaders and promising start-up companies
The following results were achieved
- Development of digitalization trend radar – from 2020 to 2030
- Overview of existing and future use cases with impact estimation (e.g. bottom-line, topline)
- Listing of technology leaders in promising digitalization trend areas
Transforming upcoming technology trends into business value
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Dr. Gunther M. Wagner