“Challenge to change” is a three-part white paper series that explores the future growth drivers of the global Insurance industry. This paper looks at "The Future of Insurance." Leading experts are making compelling arguments that insurance needs to change. While the challenge to change is significant, the benefits of doing so are growing in an increasingly global industry.
Challenge to Change: The Future of Insurance
"Challenge to change" is a three-part white paper series that explores the future growth drivers of the global Insurance industry. The papers, entitled "Embracing Change," "The Impact of Technology" and "The Future of Insurance," look at the economy, regulatory landscape, technological innovation, business process, workforce and talent issues, and many other areas. They examine the drivers, opportunities and challenges of an incredibly rich and evolving sector.
The "Challenge to Change" series is for multiple insurance businesses - from Life to Property and Casualty, Large Commercial to Long Term Care - across multiple delivery channels and operations types. It is designed to be an important discussion tool to facilitate strategic thinking about how to create new business opportunities and respond to challenges positively.
This paper looks at "The Future of Insurance." Leading experts are making compelling arguments that insurance needs to change. While the challenge to change is significant, the benefits of doing so are growing in an increasingly global industry.
| Evolving business foundations | 3 |
| Vendor beware | 3 |
| Mass customization | 3 |
| Shifting sands | 4 |
| Measure everything | 4 |
| Changing markets | 5 |
| Changing models, changing needs | 6 |
| Flipped model | 6 |
| Built on analytics | 6 |
| Data modelling | 6 |
| New operating models | 7 |
| Real time modelling | 7 |
| Access to multiple small models | 7 |
| How might modelling further evolve? | 7 |
| Strategic technology use | 8 |
| Digital demands | 9 |
| A new era of partnerships | 9 |
| Disruptive change | 10 |
| Potential impact | 11 |
| Personal lines | 11 |
| Commercial lines | 11 |
| Brokers | 12 |
| Responses | 13 |
| First to the Future | 13 |
| Early adopters | 13 |
| Supertankers | 13 |
| Hybrids | 13 |
| Critical future success factors | 14 |
| Summary | 15 |
| Key Questions | 16 |
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Other Content in the Insurance Series |
| Equinix & The Insurance Ecosystem |
| Trends in the Global Insurance Space |
| White Paper Challenge to Change: Embracing Change, The Economy, People and the Future of Work |
|
White Paper Challenge to Change: The Impact of Technology |
Download Challenge to Change: The Future of Insurance
“Challenge to change” is a three-part white paper series that explores the future growth drivers of the global Insurance industry. This paper looks at "The Future of Insurance." Leading experts are making compelling arguments that insurance needs to change. While the challenge to change is significant, the benefits of doing so are growing in an increasingly global industry.
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Equinix (Nasdaq: EQIX) is the world's digital infrastructure company, enabling digital leaders to harness a trusted platform to bring together and interconnect the foundational infrastructure that powers their success. Equinix operates a global interconnection platform of more than 200 International Business Exchange™ (IBX®) data centers in 63 metros across 26 countries.
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