target audience: TECH BUYER Publication date: Oct 2024 - Document type: IDC FutureScape - Doc Document number: # US51439524
IDC FutureScape: Worldwide Insurance 2025 Top 10 Predictions
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Abstract
This IDC FutureScape presents the top 10 insurance industry predictions. Each prediction is shaped by a shared set of key drivers, serving as a planning tool for technology leaders and their line-of-business (LOB) counterparts in their IT strategic planning efforts.
"Insurers are finally past the hype in their GenAI path-to-impact journey, recognizing that deploying technology won't provide value unless coupled with business acumen that permeates its purpose," said Davide Palanza, research manager, IDC Financial Insights. "However, attempting to 'boil the ocean' with scattered, 'shotgun' implementations will lead to execution failure. Success will depend on how effectively insurers act on their enterprisewide vision by taking informed, surgical, and synchronized steps across the organization to adjust their operating models, elevate digital leadership, and focus on data and AI to ignite AI-fueled business transformation. Only then will the industry truly glimpse what the future holds."