Recent Release | 14 Nov 2021
The platform-fueled future: New ways to differentiate in a changing insurance industry
Thought Leadership Team
Oxford Economics
IBM’s Institute for Business Value and Oxford Economics surveyed 1,000 business insurance executives in 35 countries globally in June and July 2018. The survey centred on the role of platforms, platform strategy, and participant readiness.
Insurers are wary of adopting new technologies and new platforms – investment in that industry platforms increased only by 7 percent, with only 21 percent of respondents having adapted their business strategies to include platforms. Previous surveys show that insurers view platforms and new technologies as disruptions however, few believe those disruptions affect their own businesses. To remain competitive in the market, insurers must adjust their business strategies to include platforms, select the correct platform, and work with their ecosystems partners to maximize the values of the platforms used.
About the team
Our Thought Leadership team produces original, evidence-based research made accessible to decision-makers and opinion leaders. Principals for this project included:
Tom Ehrbar
Senior Editor, Thought Leadership
+1 646 668 5794
Private: Tom Ehrbar
Senior Editor, Thought Leadership
New York
Related Services
Post
Energy Transitions in Western and Central Africa: A focus on Nigeria, Ghana, Senegal, Equatorial Guinea and Mauritania
The global energy transition involves the sustained displacement of fossil fuels by renewable energy and complementary technologies to reduce carbon intensity. It is, however, imperative to consider such shifts within the distinct developmental contexts of countries to ensure energy transitions are socially inclusive and just. This latest report by our Africa consulting team examines how energy transitions are likely to unfold in Nigeria, Ghana, Senegal, Equatorial Guinea, and Mauritania.
Find Out More
Post
Becoming More Efficient – How finance and IT are leading the way
Oxford Economics and SAP Concur surveyed 1,000 finance and IT executives about how they are making their functions more efficient.
Find Out More
Post
Delivering Economic Value – DoorDash 2021 US Economic Impact Report
A US study demonstrating how DoorDash empowers local economies by creating and supporting impact across the three sides of their marketplace–Dashers, merchants and consumers.
Find Out More