Insurance 2025 - Reducing risk in an uncertain future
The report examines how technological advancements will reshape the insurance industry by 2025, focusing on cognitive computing and systems decentralization.
(Generated with the help of GPT-4)
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | International Business Machines Corporation |
| Authors: | Mark Mclaughlin, Christian Bieck |
| Time horizon: | 2025 |
| Geographic focus: | Global |
| Page count: | 24 pages |
Methods
The research method involved analyzing insurance and CxO studies, holding informal conversations with experts and insurance executives, and scenario planning for the adoption patterns of cognitive computing and systems decentralization.
(Generated with the help of GPT-4)
Key Insights
This IBM report explores the future of the insurance industry, considering the impact of cognitive computing and systems decentralization. It presents four scenarios: the swarm economy, central intelligence, the Internet of Everything, and survival of the fastest, each with distinct implications for risk management, customer relationships, and insurance products. The study is based on insurance and CxO studies, expert discussions, and the potential of technologies like blockchain and the Internet of Things. It suggests insurers prepare for the future by embracing innovation, building partnerships, and developing flexible systems.
(Generated with the help of GPT-4)
Additional Viewpoints
Categories: 2020s time horizon | 2025 | 2025 time horizon | English publication language | Global geographic scope | blockchain | cognitive computing | customer relationships | economy | innovation | insurance | insurance industry | insurance products | internet of things | partnerships | risk management | scenario planning | systems decentralization | technology