The insurance industry is at an inflection point: a changing definition of risk, an increasing emphasis on prevention ahead of indemnification, consumerization and digitalization are at the heart of how the industry is reshaping.
What to do then? Insurers globally are setting up ventures in parallel to their traditional business, often via the establishment of dedicated stand-alone operations. Some international examples are Liberty Mutual’s Solaria Labs, MetLife’s LumenLab, and Guardian Life’s GIS Strategic Ventures.
In the second quarter of 2018, insurance technology ventures totaled $527 million in 71 deals, according to a quarterly survey by Willis Towers Watson Securities. However, the success of insurance ventures often depends on their uniqueness – i.e., how they deviate from traditional insurance environments. In this white paper we share Cognizant’s experiences from helping different ventures succeed. Download it to explore the unique challenges in establishing insurance ventures, and how to define successful business and operating models.
You can also learn more about Cognizant's insurance offering and general insurance trends and risks.
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.
Moving to more responsive, AI enabled architectures that accelerate data management and deliver insights, will help insurers drive business performance.
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.
