Gartner Research

Market Liberalization in Asia/Pacific Is a Perfect Storm for Insurance CIOs to Boost Their Digital Strategies

Published: 27 April 2016

ID: G00297725

Analyst(s): Manav Sachdeva , Juergen Weiss

Summary

Insurance markets in Asia/Pacific are undergoing dramatic changes, leading to shrinking revenue and profitability. Insurance CIOs need to support technology innovation to help their business peers navigate in an increasingly competitive market.

Table Of Contents
  • Impacts

Analysis

Impacts and Recommendations

  • Market liberalization in Asia/Pacific will expose insurance business and IT leaders to a more competitive market
  • Operational efficiency, accurate risk management and customer centricity will be crucial success factors for insurance business and IT leaders in a liberalized market
  • The threat of rising competition will provide a unique opportunity for insurance CIOs to accelerate their digital strategies

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