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The future of general insurance
Transformative forces are effecting the general insurance industry – what may the future look like?
The financial services industry is experiencing vast and varied transformation – and insurance is no exception. New technologies and changing customer behaviors may result in a market that looks very different from the one we see today.
This report from Deloitte Global looks at transformative forces in the general insurance industry and outlines several possible scenarios for the future. We look at forces in the insurance industry such as the emergence of peer-to-peer insurance and the expansion of digital intermediaries. But we also consider those outside of the insurance industry, including big data and blockchain. The combination of these internal and external forces are pushing general insurers to rethink what their long-term strategies will be.
The report builds off of the Deloitte and the World Economic Forum report entitled The future of financial services: How disruptive innovations are reshaping the way financial services are structured, provisioned and consumed.