Most mainstream insurers struggle to use data effectively. Our recent research found that about three-quarters of insurers have low levels of digital maturity, and are pursuing only limited digital initiatives or taking a wait-and-see approach to the digital technologies needed to leverage data. Legacy systems, siloed data, and growing volumes and varieties of data make it difficult to manage data effectively and use it to generate improved business results.
To address the problem, insurers need to fundamentally rethink the technology foundations that underpin their data-management efforts. While the appropriate mix of
processes and technologies will vary from insurer to insurer, three core concepts can guide this transformation:
Download the paper below to learn more about the needed new approach to data and to follow our seven data-architecture design principles. You can also learn more about Cognizant's insurance practice and the technology trends in insurance.
Whether it’s migrating the entire core infrastructure to one or more cloud service providers, aka hyperscalers, or just simplifying a handful of processes using Software as a Service (SaaS) tools, the cloud represents the digital future. The pandemic has accelerated the ongoing cloud adoption and during 2021, 51% of Nordic organizations are predicted to reach IDC’s highest level of cloud maturity.
Adopting a microservices architecture style? Learn how to avoid implementation challenges and even failures in this whitepaper.
Artificial intelligence is a broad field that holds a great potential. It already impacts how businesses operate across industries. In this guide, we put AI in a Nordic context on basis of 975 leaders’ AI insights.
Global businesses are experiencing major disruptions driven by digitalization, and the HR departments are at the front line. What will HR of the future look like? Will operational tasks to be taken over by robots? How can outsourcing of HR processes empower a more strategic approach? Download our whitepaper with a focus on HR in the Nordics.
Digitalization, upstart competitors, the need for breakneck speed and agility, and an increasingly diverse and demanding workforce require more from leaders than what most can offer. Check out our new survey with 4,394 global leaders.
The “Egen Pensjonskonto” (Own Pension Account) reform is a major leap towards individualization of the Norwegian pension system. This is the first paper in a series of three exploring what the reform means for the pension industry and individuals.
In our global assessment of 100 business chatbots, we’ve identified the key elements for insurers to incorporate into these systems. Find out what they are.
Although finance and actuary are the two most obvious areas affected by IFRS 17, they are not the only ones. For insurers wanting to keep up, it's high-time to start a comprehensive financial transformation program.
