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February 23, 2016

Who Is Innovating in Financial Services?

Summary:

To check on the state of digital innovation in insurance, we conducted a study that combined a quantitative survey with qualitative discussions.

Photo Courtesy of Joan Campderrós-i-Canas

Digital transformation, changing cultural values, resource scarcity and environmental impact concerns are affecting every industry, including insurance. Those changes are accelerating the growth of the sharing economy and the demand for resource optimization. The rise of sensors and intelligent digital ecosystems are blurring the boundaries between the digital and physical worlds and generating massive new data sources. Next-generation analytics and artificial intelligence are coming on-stream to harness that data. Adapting to and succeeding within this digitally transformed world will require changes in every aspect of the financial services industry, and the processes by which it delivers value to its customers.

To check on the state of innovation in insurance, the Silicon Valley Innovation Accelerator and Celent combined to conduct a study that combined a quantitative survey with qualitative discussions with key players. Here are the results:

Accelerating Insurance Transformation Infographic 2016 - 98 dpi - 01

Please consider joining us for the series of Insurance Disrupted conferences. The next will be held March 22-23 in Silicon Valley. ITL readers receive a 15% discount here.

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About the Author

Michael Connor is a forward-thinking business marketing leader with an extensive background in selling and marketing cutting-edge technology, business acumen in preparing and executing strategic and tactical plans. Connors is credited with key contributions in penetrating new accounts and markets, attaining product leadership positions, and driving sales with start-ups as well as Fortune 500 companies.

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