Gartner Research

Insurance 2030 Scenario: Adapters Succeed Through Pragmatic Innovation

Published: 03 March 2017

ID: G00323742

Analyst(s): Jeff Haner

Summary

In an era of frequent change, life and P&C insurance companies will have to plan for different scenarios requiring distinct business and IT strategies. For insurers in the adapter scenario, we offer strategies to help CIOs manage change in highly volatile markets with traditional corporate cultures.

Table Of Contents

Analysis

  • Recognize When Conditions Support an Adapter Scenario
  • Market Volatility: High
  • Corporate Culture: Traditionalist
  • An Action Plan for CIOs
    • Educate Your Business Partners on External Opportunities and Threats
    • Promote a Mindset of Continuous Improvement
    • Adopt a Bimodal Approach for Business and IT Change
    • Combine Legacy Assets With the Surgical Application of New Technology
    • Develop Partner and Acquisition Management Capabilities
  • Focus on Three Areas

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