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.



"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

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



Equinix, Inc. (Nasdaq: EQIX) operates a global interconnection platform of more than 200 International Business Exchange™ (IBX®) data centers in 52 markets in the Americas, EMEA, and Asia-Pacific. Our mission is to protect, connect and power the digital economy.
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