Gartner Research

Insurance 2030 Scenario: Disruptors Succeed in a Changing World by Challenging Traditional Thinking

Published: 03 March 2017

ID: G00324219

Analyst(s): Kimberly Harris-Ferrante

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 disruptor scenario, we offer strategies to help CIOs drive change in highly volatile markets with futurist corporate cultures.

Table Of Contents

Analysis

  • Recognize When Conditions Support a Disruptor Scenario
    • Market Volatility: High
    • Corporate Culture: Futurist
  • An Action Plan for Disruptor CIOs
    • Build an Agile and Flexible IT Environment That Supports Rapid Change
    • Design and Implement an IT Platform Designed for Ecosystem Integration and Process Efficiency
    • Serve as a Trusted Advisor to Business Executives by Strengthening Your Knowledge About the Insurtech Market and Identifying Opportunities Where Partnerships and Investments Can Be Made
    • Take a Fail-Fast Approach to IT Innovation That Accepts That Not All Projects Will Be Successful
  • Focus on Three Areas

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