Is ‘Google Insurance’ on the Horizon?
Insurers should expect big players in mainstream tech to influence the property/casualty industry during 2022.
December 29, 2021
1:26 pm
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Insurers should expect big players in mainstream tech to influence the property/casualty industry during 2022.
For many of us, ringing in the new year means setting resolutions for better health and well-being. Whether in business or our personal lives, we must consider the scenarios that may threaten or enable our success. The insurance industry is no different.
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It was great to see how so many companies showed incredible adaptability during COVID-19. While initially, we thought a lot of the insurance market would be at a loss as to what to do next, instead they were able to show resilience relatively quickly and technology was the enabler of that.
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From the rise of embedded insurance products to record-breaking InsurTech financing, 2021 was a remarkable year for the global insurance industry.
The convergence of software and data is a major trend in insurance technology, and Zywave is proud to be a leader in this transformation.
Underwriting has historically been one of the most data-intensive areas of insurance. But when it comes to looking at investments and results, data and information handling for underwriting at most carriers is still disjointed and disconnected
In 2022, we will see the growing prominence of datasets as the facilitators of new realms of knowledge for P&C insurers, helping them predict and price risk more efficiently than ever before.
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