target audience: TECH BUYER Publication date: Dec 2023 - Document type: Tech Buyer Presentation - Doc Document number: # AP50368323
IDC FutureScape: Worldwide Insurance 2024 Predictions — Asia/Pacific (Excluding Japan) Implications
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Abstract
This IDC Tech Buyer Presentation, an IDC FutureScape document, discusses IDC Financial Insights' view of worldwide insurance 2024 predictions as they apply to Asia/Pacific (excluding Japan) (APEJ). Each prediction supports a five-year planning process by identifying the timing and overall cost and complexity to address. IDC then contextualizes these global predictions for APEJ to reflect the regional perspective and how insurers in the region are seeking to enhance their competitive positioning by deploying advanced tools, technologies, and capabilities to strengthen their delivery structure and explore new business models to sustain growth and increase revenue.
"As the Asia/Pacific insurance landscape evolves, insurers must seize technological opportunities. Embrace solutions, such as data exchange technology, AI-based advisors, and digital twins. Craft innovative narratives, curate thought leadership, forge strategic partnerships, and showcase success stories. This digital transformation (DX) is key to staying ahead and reshaping the future of insurance in the region," says Surya Narayan Saha, research manager, IDC Financial Insights.