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    Tackling Insurtech Poll Results Final

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    BernewsAdmin
    The document provides an update on global insurance industry trends and showcases cognitive contract management and data analytics solutions. It also shares results from a poll of insurance industry participants about their technology readiness, adoption of robotic process automation, and tech interests. The results are compared to a previous poll from a FinTech Summit.

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    Tackling Insurtech Poll Results Final

    Uploaded by

    BernewsAdmin
    386 views1 page
    The document provides an update on global insurance industry trends and showcases cognitive contract management and data analytics solutions. It also shares results from a poll of insurance industry participants about their technology readiness, adoption of robotic process automation, and tech interests. The results are compared to a previous poll from a FinTech Summit.

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    Tackling Insurtech Poll Results Final

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    The document provides an update on global insurance industry trends and showcases cognitive contract management and data analytics solutions. It also shares results from a poll of insurance industry participants about their technology readiness, adoption of robotic process automation, and tech interests. The results are compared to a previous poll from a FinTech Summit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    386 views1 page

    Tackling Insurtech Poll Results Final

    Uploaded by

    BernewsAdmin
    The document provides an update on global insurance industry trends and showcases cognitive contract management and data analytics solutions. It also shares results from a poll of insurance industry participants about their technology readiness, adoption of robotic process automation, and tech interests. The results are compared to a previous poll from a FinTech Summit.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    Tackling insurtech

    A technology and technique series


    May 2019

    At our Tackling Insurtech session, the first in our


    2019 “Technology and Technique” series, we provided
    It is interesting to see that there has
    an update on global insurance industry trends, and
    showcased cognitive contract management and a been little shift year on year in the
    variety of technical solutions and use cases for applying implementation of digital strategy,
    data & analytics. We polled our insurance industry although almost all surveyed still feel
    participants about their technology readiness, robotic technology will impact their industry.
    process automation (RPA) adoption and tech interests Charles Thresh
    in organisations today. We then compared the results Managing Director, Head of Advisory
    to those gathered at our FinTech Summit last year.

    Do you believe that technology solutions Where is your firm when it comes
    will significantly impact your industry? to having a technology strategy?
    2018 | 2019

    Yes, we have a technology strategy 13% | 13%

    67%
    Yes
    33%
    Yes
    0%
    No Strategy in development 46% | 54%

    No strategy in place 30% | 18%


    in the short term but only in the our industry
    (next 6-12 months) medium term is unique Unsure 11% | 15%
    (12-36 months)

    Have you already started implementing robotic Are you considering starting a robotic process
    process automation in your company? automation initiative in your company?
    2018 | 2019 2018 | 2019

    26%
    Yes
    57%
    No
    17%
    Don’t know
    58% 62%
    Yes
    42%38%No

    Which of the following is of greatest interest to your organisation today? 2018 | 2019

    31% 38% 22% 16% 11% 8% 0% 0% 0% 5%


    Process
    9%
    AI/Machine
    19%
    Regulatory
    -%
    Claims
    -%
    Distribution
    4%
    Payments/
    25%
    Blockchain
    -%
    Broker
    -%
    None of
    automation learning using compliance administration channel transactions/ account the above
    big data management remittances management

    To discuss your insurtech needs, please contact me:

    Charles Thresh kpmg.bm


    Managing Director, Head of Advisory © 2019 KPMG, a group of Bermuda limited liability companies which are member firms of the
    T: +1 441 294 2616 KPMG network of independent member firms affiliated with KPMG International Cooperative
    E: charlesthresh@kpmg.bm (“KPMG International”), a Swiss entity. All rights reserved.

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