Game-Changing Trends in 2022 for the Future of Insurance

Read this report to better understand the recent changes in customer behaviors and expectations and how new capabilities and technology can make emerging opportunities become a reality.

ITL Partner: Majesco

January 24, 2022

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New research from Majesco highlights the urgency of rapidly adapting to a new reality for all customers, and Millennials and Gen Z in particular. They are the dominant buyers for both life and non-life insurance products with a focus on five specific segments: life/health/accident, employee/voluntary benefits, auto, mobility, and homeowners/renter’s insurance.

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Read this report to better understand:

How the insurance buyer sweet spot has shifted to Millennials and Gen Z
Why that shift demands new business approaches
Customer work, financial, life, and digital behaviors reshaping expectations
Expectations of new products, value-added services, payment options and channels
The demand and use of technologies and data for personalized insurance and experiences
Emerging insurance trends driving new opportunities

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ITL Partner: Majesco

Majesco is the partner P&C and L&A insurers choose to create and deliver outstanding experiences for customers. We combine our technology and insurance experience to anticipate what’s next, without losing sight of what’s important now. Over 350 insurers, reinsurers, brokers, MGAs and greenfields/startups rely on Majesco’s SaaS platform solutions of core, digital, data & analytics, distribution, and a rich ecosystem of partners to create their next now.

As an industry leader, we don’t believe in managing risk by avoiding change. We embrace change, even cause it, to get and stay ahead of risk. With 900+ successful implementations we are uniquely qualified to bridge the gap between a traditional insurance industry approach and a pure digital mindset. We give customers the confidence to decide, the products to perform, and the follow-through to execute.
For more information, please visit https://www.majesco.com/ and follow us on LinkedIn.

Additional Resources

Future Trends: 8 Challenges Insurers Must Meet Now

This primary research underscores the new challenges that continue to emerge and fuel the pace of change and strategic discussion on how insurers will prepare and manage the changes needed in their business models, products, channels, and technology.

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Enriching Customer Value, Digital Engagement, Financial Security and Loyalty by Rethinking Insurance

Better understand and learn how to adapt to the forces behind the changes in customers’ insurance needs and exepctations.

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Core Modernization in the Digital Era

Better understand the three digital eras of insurance transformation and the strategie priorities of industry leaders that are driving changes in this era.

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