tackling insurtech poll results 7 - kpmg€¦ · participants about their technology readiness,...
TRANSCRIPT
None of the above
5%
A technology and technique seriesMay 2019
Yes, we have a technology strategy
Strategy in development
No strategy in place
Unsure
13% | 13%
46% | 54%
30% | 18%
11% | 15%
2018 | 2019
2018 | 2019
2018 | 2019
2018 | 2019
Process automation
AI/Machine learning using
big data
Regulatory compliance
Claims administration
Distribution channel
management
Payments/transactions/remittances
Blockchain Broker account
management
Do you believe that technology solutions will significantly impact your industry?
At our Tackling Insurtech session, the first in our 2019 “Technology and Technique” series, we provided an update on global insurance industry trends, and showcased cognitive contract management and a variety of technical solutions and use cases for applying data & analytics. We polled our insurance industry participants about their technology readiness, robotic process automation (RPA) adoption and tech interests in organisations today. We then compared the results to those gathered at our FinTech Summit last year.
It is interesting to see that there has been little shift year on year in the implementation of digital strategy, although almost all surveyed still feel technology will impact their industry.
Charles Thresh Managing Director, Head of Advisory
Where is your firm when it comes to having a technology strategy?
Have you already started implementing robotic process automation in your company?
Which of the following is of greatest interest to your organisation today?
To discuss your insurtech needs, please contact me:
kpmg.bm
38% 22% 16% 11% 8% 0% 0% 0%
Are you considering starting a robotic process automation initiative in your company?
Tackling insurtech
© 2019 KPMG, a group of Bermuda limited liability companies which are member firms of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.
26%Yes
62%58% 42%Yes
38%No
57%No
17%Don’t know
67%Yes
33%Yes
0%No
in the short term (next 6-12 months)
but only in the medium term
(12-36 months)
our industry is unique
31% 9% 19% -% -% 4% 25% -% -%
Charles ThreshManaging Director, Head of AdvisoryT: +1 441 294 2616E: [email protected]