Oxford Economics worked with IBM’s Institute for Business Value in mid-2016 to field a survey among 1,502 C-suite executives in a range of roles around the world. As the cognitive era dawns, outperformers in the industry are rethinking insurance by applying technologies that understand, reason, learn and interact to improve the way insurers do business.
For success in the digital age, insurers must tap the hidden treasure they already own in massive quantities: data. They need to be able to scrutinize internal and external data sets, many of which have not been digitally accessible. IBM’s 2016 Cognitive Insurance Survey identified a lack of internal agility and the threat of outside disruption as major industry challenges requiring urgent responses. We categorized insurers based on revenue groth and operating efficiency over the past three years to allow a comparison of strong performers with others in the industry. While many organizations still have far to go, outperformers are already taking strides to become fully fledged cognitive insurers.
Read the full report.
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
+1 (646) 503 3052
+65 6850 0110
+44 (0)203 910 8054
Delivering Value: The Economic Impact of the Civil Nuclear Industry
The study suggests the civil nuclear industry supports a £16.1 billion contribution to UK GDP, 211,500 jobs, and £7.1 billion in tax revenues. 24% occurs in the North West and 16% in the South West.Find Out More
Innovation Index: Are You Prepared to Shift from Survival to Growth?
Oxford Economics and NTT Data fielded a survey of 1,000 North American business and IT executives in 2022 to uncover future strategies to mitigate disruption.Find Out More
Reinventing for growth in a changing media landscape
Oxford Economics partnered with Accenture to survey 6,000 consumers around the world about their media and entertainment habits, experiences, and preferences.Find Out More