Groundbreaking Research on Emerging Technologies in Insurance

Boston, MA (Aug. 12, 2016) – Strategy Meets Action (SMA), a leading insurance strategic advisory firm, has announced new research on Emerging Technologies and Innovation in Insurance. A survey live now in the market is aimed at P&C and L&A insurers and agents in North America. The accompanying research report will be released in conjunction with the SMA Summit in Boston on September 19, 2016.

The research assesses thirteen key technologies for the property/casualty and the life/annuity industry segments, identifying the top technologies with high near-term potential and investigating insurer plans for developing strategies, piloting, and deploying all of the technologies. The potential to transform the industry in 3, 5, and 10 years will be mapped out based on insurer responses.

“This continues our research series on emerging technologies, conducted over the last several years,” said Mark Breading, SMA Partner and author of the reports. “The InsurTech space is expanding rapidly and the potential for emerging technologies to transform insurance is increasing.”

The specific technologies included in the reports are six technologies primarily in the physical domain and seven in the virtual domain. The more tangible technologies in the physical arena are the Internet of Things, wearables, drones, driverless vehicles, advanced robotics, and 3D printing. Those mostly in the virtual space are artificial intelligence, blockchain, semantic technologies/cognitive computing, gamification, new payment technologies, biotech/genomics, and augmented/virtual reality.

Insurers, IT solution providers, and media that are interested in learning more should contact Mark Breading at mbreading@strategymeetsaction.com or 614.562.8310. Those interested in taking the survey can click here.

About SMA

Exclusively serving the insurance industry, Strategy Meets Action (SMA) is an advisory services firm offering retainers, research, consulting, events, and innovation offerings to both insurance companies and solution providers. Learn more about SMA at www.strategymeetsaction.com.

SOURCE: Strategy Meets Action (SMA)