Gartner Research

World's Largest Insurers Speed Investment in Artificial Intelligence and Insurtechs to Spur Innovation

Published: 23 April 2018

ID: G00348011

Analyst(s): Richard Natale , Manav Sachdeva

Summary

CIOs of the world's 25 largest insurance companies have accelerated investment in AI. They are increasingly investing in partnerships and startups to spur innovation. Growth in the number of announcements this year was concentrated in Asia/Pacific.

Table Of Contents

Analysis

  • Partnerships in Innovation Ecosystems and AI Are Pivotal to Developing Digital Capabilities
  • Digital Technology Is Being Used to Optimize Business as Well as Transform It
  • P&C and Healthcare Insurers Dominate Publicly Announced IT Initiatives With a Modest Uptick for Life Insurance Companies
  • EMEA Led Total Number of IT Announcements Based on Companies Domiciled There; Asia/Pacific Led Year-Over-Year Growth
  • Appendix

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