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Read the 2024 Industry Trends Report: An Industry at a Crossroads

A new report by Earnix, “ 2024 Industry Trends Report: An Industry at a Crossroads”, reveals that insurers are still struggling with outdated, siloed tech stacks that hinder collaboration, innovation and business growth. This makes it difficult for departments to work together productively; it delays decision-making, creates missed opportunities and prevents cross-functional innovation.

But all is not lost…

If you can get to grips with modernisation you’ll be able to reap the rewards in terms of capitalising on AI, enhancing pricing and underwriting processes, collaborate more effectively and improve the ability to comply with regulations.

Find out how to do this by downloading Earnix’s 2024 Industry Trends Report using the form on the right >>>
What makes this survey and report different 

  1. It’s up-to-date: With the survey conducted in 2024 you’ll get a contemporary picture of industry progress, with useful comparison to the 2023 survey
  2. It surveyed a large cohort of global insurance executives (more than 400) giving you unrivalled insights into the insurance industry  
  3. It’s cross-discipline: By quizzing pricing/actuarial, underwriting, C-suite and IT/technical experts, the report captures diverse perspectives of current market conditions
  4. The 40-page report is packed with insightful charts and graphs, exclusive statistics and an innovative “difficulty rating” for each goal

Fill in your details to download your copy of the comprehensive report now>>>

Key findings from the report include:

  • More than two-thirds of respondents expect to deploy AI models that can make predictions using real-time data within the next two years
  • Currently, most insurers rely on analytics mainly to validate operational decisions, rather than to generate the best possible outcomes 
  • 58% of respondents report that implementing a rule change takes them over five months, and for 21%, this process takes more than seven months
  • 49% of insurers admit they are falling behind schedule on modernising their legacy systems
  • A majority of respondents are prioritising regulatory compliance this year
To find out more, download the report using the form on the right>>>

The report tackles 5 key areas for improvement: 

  1. Modernising legacy systems
  2. Advanced analytics and AI
  3. Underwriting processes
  4. Regulatory compliance
  5. Collaboration

For more information contact:

Helen Raff
Director of Events, Intelligent Insurer
Mobile: +44 (0)7979 045 072
Email: hraff@newtonmedia.co.uk


Download your report here!

Enter your details below and you’ll immediately receive a copy of the report straight to your Inbox.

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This white paper is produced by Earnix in association with  Intelligent Insurer. By registering to view the publication, you agree to share your contact information with both Intelligent Insurer and Earnix. Full details of our privacy policy can be found  here.

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