Insurance equity analysts expect higher profitability, despite difficult market conditions, from the best-performing insurers and will reward those that expand into emerging markets, according to findings of a global survey conducted from Accenture.
Commissioned by Accenture and conducted by Institutional Investor Market Research Group, the survey queried 68 insurance equity analysts in 16 countries and covered a range of topics, including profit and growth strategies in the context of major industry challenges.
The survey also reveals that underwriting risk management is perceived as the most critical technology investment to improve business performance, mentioned by two-thirds (67 percent) of the analysts surveyed.
“To act decisively in a transforming marketplace and achieve organic growth, rich data, advanced analytics, and predictive modeling are invaluable,” says Meyer. “These capabilities help insurers understand and segment their markets, and also continually refine their business and operating models to ensure these are ideally suited to provide each market segment with the right products, at the right price and through the right distribution channels.”