Keeping an eye on the next big thing in insurance technology is never easy, particularly when—in the eyes of the Strategy Meets Action (SMA) consulting firm—there is more than one next big thing on the horizon.

SMA recently released a report: Next Gen Technology Trends. The report listed five important watch points for insurers, according to Deb Smallwood, founder of SMA.

“Part of the message from our report is we're not telling you to drop everything and do these [five] things, but you need to be mindful of them and put some resources on it to experiment and figure out how these technologies can be leveraged into your strategy.”

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