Bart Patrick, Managing Director of Duck Creek Technologies Europe, was quite surprised by many of the survey results, while others affirmed what he’d been hearing in the market.
Got a couple of minutes to spare? I’ve recorded another vlog – the second in my burgeoning series on the European insurance and technology scene – and the most in-depth yet, in my humble opinion.
This new vlog is a discussion of the results of an independent survey that was recently commissioned by Duck Creek Technologies, canvassing the attitudes of senior insurance executives towards the developing technology landscape.
The Attitudes to On-Demand Technology survey was conducted in the last quarter of 2018 and into the first quarter of this year, and provided a lot of insight into current technology challenges and attitudes towards future technology, competition, and opportunities for insurance.
I was quite surprised by many of the results, while others affirmed what I’ve been hearing in the market.
The report is based on data gathered from US, UK, and European re/insurers, with at least 25% of the responders representing companies with GWP between USD $1.25bn to USD $9bn and the rest being below USD $1bn GWP.
For me, it was clear from the survey results that insurance board members and their business community are indeed fully aware that their industry is changing dramatically; what was less clear and more worrying was the future direction they should take to manage this change, and to get ahead of the curve.
There is a need for clarity amid all the noise – and Duck Creek Technologies is here to provide that.
A full copy of the survey report will be available soon – inquire here to receive your copy: firstname.lastname@example.org
Enjoyed this vlog? Why not check out my first vlog – it’s only two minutes long, so there’s really no excuse not to: How insurers can tackle the technology challenge – next stop Cannes!