Vendors
日本語
search
  2. //
  3. Reports & insights
  4. //
  5. Innovation in Insurance: Defining the Current State Through an Analysis of Six Years of Model Insurer Submissions

Innovation in Insurance: Defining the Current State Through an Analysis of Six Years of Model Insurer Submissions

Create a vendor selection project
Click to express your interest in this report
Indication of coverage against your requirements
A subscription is required to activate this feature. Contact us for more info.
Celent have reviewed this profile and believe it to be accurate.
We are waiting for the vendor to publish their solution profile. Contact us or request the RFX.
Projects allow you to export Registered Vendor details and survey responses for analysis outside of Marsh CND. Please refer to the Marsh CND User Guide for detailed instructions.
Download Registered Vendor Survey responses as PDF
Contact vendor directly with specific questions (ie. pricing, capacity, etc)
13 August 2018
Karen Monks
Michael Fitzgerald

Even the best insurance technology initiatives fall short in disrupting the insurance industry.

Key research questions

  • What is a Model Insurer?
  • What common best practices and investments are evident among the submissions?
  • What can an insurer learn from the Model Insurer submission data?

Abstract

The data quantifies the widely recognized judgment that insurers have not sought to change the traditional business model.

What is the current state of insurance innovation and transformation? This analysis of the Celent Model Insurer Award submissions answers this question. Submissions for the award program provide insight into the leading insurance technology initiatives across the globe. This valuable database reflects the transformation efforts which have been recently completed or are currently nearing launch. Analyzing them creates a current picture of the state of the industry.

Detailed, verified benchmarking related to insurance technology activity is very difficult to obtain. Firms want to know what their competitors are working on, but are reluctant to identify their own activities. It is valuable to know what is, and what is not, being pursued. Such information feeds decisions regarding future investments. This review of six years of Model Insurer submissions provides an empirical reflection of what, why, and how leading insurers have invested in technology.

Client Access