Expansion of capabilities in cognition and “edge computing” have reached critical mass and the repercussions will be long-lasting, but the impact on insurance business models is far from certain. Scenario consideration reveals some no-regret plays for insurers that should secure a seat at the table no matter the outcome – and no matter which tables end up ultimately handling the business of risk management.

Study highlights

79 percent of insurance CxOs say they believe technology will have a mjor impact on their organizations - IBM

71 percent of insurers indicate they have begun using cognitive technologies - IBM

By 2050, more than 100 billion connected devices are expected to be in use. - IBM

About the authors

Christian Bieck

Christian Bieck
Global Insurance Leader
IBM Institute for Business Value

Mark McLaughlin

Mark McLaughlin
Global Insurance Director
IBM

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