The Future Disruptive Technologies Within The Insurance Industry

Integration of new technologies is a must for insurance companies. Cloud edge, volumetric display, and neuromorphic hardware are a few of the disruptive technologies expected to affect insurance companies within the next few years.

The “Tech Trend Radar 2018” from Munich Re, one of the world’s biggest reinsurers, lists altogether 46 technologies expected to do this.

Here are a few examples of the technologies likely to have an impact on claims management:

• User-centric: Augmented and virtual worlds, location-based services
• Disruptive Technologies: Blockchain and 5G networks
• Artificial Intelligence: Deep learning, machine learning, robotic process automation, smart bots
• Connected World: Smart living, autonomous drones, wearable devices, industrial IoT

Concepts like programmable material, smart dust, and digital twins may sound fictional but are becoming reality, and insurance claims organisation should prepare.

Take a look at the 2018 Tech Trend Radar to find out more about the impact of these new technologies on insurance and insurance claims.