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February 28 2017 | Mark Breading

Boston, Massachusetts, February 28, 2017 – Strategy Meets Action (SMA), a leading insurance strategic advisory firm, has just released a new research report: 2017 Emerging Tech Landscape: Implications for Insurance.  The report identifies four key trends in emerging technologies, highlights new developments in eight specific emerging technologies, and discusses their implications for the insurance industry. Findings of the research include the following:

  • Tech is going from smart to intelligent, with AI enabling smart things to go beyond just monitoring and providing information to making recommendations and taking actions.
  • The key theme for insurance in 2017 is convergence – insurers should actively seek to blend traditional strengths with new digital, emerging tech and InsurTech opportunities.
  • Insurers are responding, for example 63% are investing in strategic initiatives for innovation and 57% in digital distribution ventures.

“Emerging technologies like the IoT, wearables, and AI are catapulting us headlong into the digital connected world,” said Mark Breading, SMA Partner and report author. “The implications for every part of the insurance industry are enormous.”

Insurers, InsurTech companies, solution providers, and media that are interested in learning more should contact Mark Breading at mbreading@strategymeetsaction.com or 614.562.8310.