3 risks facing the insurance industry and how technology is mitigating the impact

Faced with an increasing volume of data, greater customer expectations, sophisticated cyberthreats, and growing fraud, C-level insurance industry leaders are under constant, accelerating pressure to quickly evolve their risk management function.

And yet, the industry's pace of technology adoption continues to trail that of the accelerating threats and risks. According to a recent report from PwC, the greatest threat for insurers today is often their level of commitment (or lack thereof) to the transformation efforts that will move the needle over the long term.¹

This eBook, 3 Risks Facing the Insurance Industry & How Technology Can Mitigate the Impact, explores the three major risks insurers face — cyberthreat, fraud, and client attrition — as well as the opportunities that digitization and automation can create for insurers in minimizing these risks. Insights include:

• The power of Artificial Intelligence and Machine Learning

• Aligning automation with critical business areas and workflows to reduce risk

• The benefits of digital information management in transforming unstructured data into actionable insights

See the insights and information other insurers are leveraging to secure data, reduce fraud, and enhance the customer experience.