6 Trends that Will Transform Insurance

To increase market share and increase relevancy, Accenture says insurers must plan for the blurring between the digital and physical world, the rise of crowdsourcing, the advent of the data supply chain and three other trends.

INN Breaking News, June 13, 2014

Chris McMahon

Six trends will have a transformative effect on insurance over the next three to five years, according to “Accenture Technology Vision 2014 For Insurance; From Digital Wallflower to Digital Disrupter,” from Accenture. Those trends include the blurring of the digital and physical; crowdsourcing and the rise of the borderless enterprise; the increased availability of data and the ability to put it into circulation through a data supply chain; harnessing advanced hardware; the business of apps; and architecting for resilience.

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