UNCOVERED: HOW INSURANCE LEADERS WILL ALLOCATE 2020 BUDGETS
For all the talk of disruption in insurance, one thing is certain – change breeds opportunity. In an effort to counteract pressure from new, digital players and to match today’s high customer expectations, insurance carriers are seeking to deploy new capabilities and on-demand services at a higher rate than ever.
Ahead of this year’s Connected Insurance USA Summit (November 20-21, Chicago) Insurance Nexus spoke with over 250 C-suite executives and senior insurance leaders to understand their goals, to find out which solutions they are looking to invest in and how they’re prioritizing their budget for 2020 and beyond. We found that over the course of the next 12 months, 76% of insurance carriers expect their technology procurement budget to increase, with 30% of those expecting investment into technology to increase “substantially”.
Clearly, while the future direction of travel remains uncertain, as long as the adoption of insurtech continues to rise, there is ample opportunity for those with innovative, technology-led solutions to carve their niche in the ever-growing insurance ecosystem. Now is the time for you to ensure you are getting front and center as insurers fulfil their procurement needs, and with more than 700 decision makers under one roof, Connected Insurance USA is the place to do it.
To get involved, or for more information about how to get in front of our senior insurance leaders at the conference in November, please reach out at: firstname.lastname@example.org
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