SMA Makes the Top 10 Insurance Predictions for 2017

December 21 2016 | Mark Breading

Boston, Massachusetts, December 21, 2016 – Strategy Meets Action (SMA), a leading insurance strategic advisory firm, has just released a new research report: SMA Top 10 Insurance Predictions for 2017. The report evaluates the property/casualty and life/annuity industries in North America, makes predictions for 2017, and discusses the implications for insurers. Recommended actions for insurers are included.   

20161221 2017 Predictions

“In many cases, the 2017 trends reflect a move by insurers to operationalize strategies that have been in development or early phases in the past couple years,” said Karen Furtado, SMA Partner and co-author of the report. “We are particularly seeing the significant impact of capital investments that are reshaping the core systems marketplace and the solution provider landscape in general.”

The predictions include the expansion of digital transformation, telematics entering a new growth phase, and the continued consolidation of solution providers. Taken together, the 10 predictions are indicative of the magnitude of change that the industry is expected to experience in 2017. 

“InsurTech and emerging technologies influence a number of the key predictions, as activities in these areas are expected to continue and even accelerate,” said Mark Breading, SMA Partner and report co-author. “In fact, 2017 is the year that the promise of InsurTech will begin to be realized.”