Cover Image
Market Research Report

IDC's Worldwide Digital Transformation Use Case Taxonomy, 2019: Insurance

Published by IDC Product code 866866
Published Content info 34 Pages
Delivery time: 1-2 business days
Price
Back to Top
IDC's Worldwide Digital Transformation Use Case Taxonomy, 2019: Insurance
Published: June 12, 2019 Content info: 34 Pages
Description

This IDC Taxonomy discusses how the insurance industry's digital mission is driven by the challenges posed to existing business models by the change in customers' and partners' expectations, technology innovations, regulatory demands, and sociopolitical and economic disruptions. The advent of semi-autonomous or autonomous vehicles, connected vehicles and homes, sharing and on-demand economies, and peer-to-peer insurance models are adding a new dimension to the competitive landscape. "Despite numerous challenges, insurance organizations are progressing in their transformation journeys to cater to the requirements of an ever-evolving marketplace," said Sabitha Majukumar, senior research analyst, IDC Financial Insights. "They are striving to deliver contextual and value-centric insurance with a set of strategic priorities, programs that help meet the priorities, and use cases that help achieve the overall goals and objectives of the organization."

Table of Contents
Product Code: US44600319

IDC'S WORLDWIDE DIGITAL TRANSFORMATION TAXONOMY

DIGITAL TRANSFORMATION TAXONOMY CHANGES FOR 2019

Taxonomy Overview

  • Understanding and Using IDC's Digital Transformation Taxonomy

Definitions

  • Insurance
  • Digital Mission: Contextual and Value-Centric Insurance
    • Strategic Priority: Omni-Experience Engagement
      • Omni-Experience Engagement Program: Omni-Channel Delivery of Products and Services
      • Omni-Experience Engagement Program: Customer-Driven Product and Service Innovation
      • Omni-Experience Engagement Program: Targeted Marketing and Communication
    • Strategic Priority: Usage- and Value-Oriented Offerings
      • Usage- and Value-Oriented Offerings Program: Usage-Based Insurance
      • Usage- and Value-Oriented Offerings Program: Preventative Insurance
      • Usage- and Value-Oriented Offerings Program: Bundled Offerings Through Partnership Ecosystem
    • Strategic Priority: Frictionless Insurance
      • Frictionless Insurance Program: Process Optimization
      • Frictionless Insurance Program: Omni-Channel Optimization
      • Frictionless Insurance Program: Open and Collaborative Enterprise
    • Strategic Priority: Building Cognitive Competencies
      • Building Cognitive Competencies Program: Intelligent Risk Management
      • Building Cognitive Competencies Program: Intelligent Compliance Handling
      • Building Cognitive Competencies Program: Data Monetization

Learn More

  • Appendix
    • Related Research
  • IDC Digital Transformation Spending Guide
  • Synopsis
Back to Top