Author(s): |
Deborah M. Smallwood, Senior Partner |
Mark A. Breading, Partner | |
Karen Furtado, Partner |
Publication Date: December 29, 2021
Number of Pages: 13
Price: $1,495.00 USD
Personal lines insurers responded quickly during the pandemic to meet consumers' rapidly evolving needs, including investing heavily in digital capabilities to allow for remote access for customers, agents, and employees. But in the nearly two years since, the world turned upside down, and new research shows that personal lines insurers are reprioritizing their digital transformation plans. Today, the development and implementation of certain digital capabilities are moving full steam ahead while others have nearly come to a standstill.
In this SMA report, thirteen technologies are identified as transformational today, including six AI-related technologies and seven non-AI-related technologies. For each technology, the report examines trends in personal lines insurers’ investment and activity levels as well as the progress made to date. The report ends with key recommendations on how insurers can keep up with the world's changing technology environment.
Table of Contents
- Shifting Priorities in Personal Lines 3
- Insurer Plans, Progress, and Predictions
- Transformational Tech in Personal Lines 4
- Personal Lines Short-Term Horizon Technologies
- Personal Lines Mid-Term Horizon Technologies
- Personal Lines Long-Term Horizon Technologies
- SMA Call to Action 11
- About Strategy Meets Action 12
- Use of Our Reports
- About the Authors
