THE ROAD AHEAD FOR INSURANCE

WHAT THE WORLD OF INSURANCE COULD LOOK LIKE IN A FEW YEARS’ TIME

1 Digital intermediaries will help insurers leverage data and analytics capabilities in new ways

2 As insurers gather enough feedback and data points, there is potential for end-to-end AI-enabled claim settlement in motor insurance

3 Moment-based insurance covers will be widely used as people don’t want to be locked in for longer durations

4 Instant claim settlements will be for specific types of policies and not issued for all

5 Insurance will move from ‘detect and repair’ to ‘predict and prevent’