Geopolitical tensions, global inflation, and interest rate hikes have created uncertainty for insurers, signaling a potential global economic recession. In response, insurance companies are actively seeking ways to navigate these challenges and ensure their survival. Their primary focus is investing in digital transformation initiatives to overcome the overarching obstacles. However, insurance enterprises are also struggling to find and retain talent proficient in emerging technology skills needed for future readiness. The allure of better talent opportunities offered by BigTechs and digital disruptors further exacerbates this challenge. for traditional insurers. Similarly, large global IT services organizations are facing similar talent difficulties.
Engaging with IT services specialists has emerged as the most sought-after solution to tackle the talent crisis and mitigate outsourcing risks for insurers. These specialists possess unique expertise and value propositions that can help insurance enterprises drive their digital transformation agenda.
In this report, we examine the challenges that the insurance industry faces, evolving sourcing priorities, and the rising demand for IT services specialists. It also provides brief profiles of 61 insurance specialist IT services providers.
Scope
Industry: insurance
Geography: global
Contents
In this report, we examine:
Insurance IT services market overview
Insurance IT services specialist providers
Profiles of insurance specialist IT services providers – North America
Profiles of insurance specialist IT services providers – UK and Europe
Insurance enterprises grapple with economic hurdles, supply chain disruptions, reduction in discretionary incomes, demographics, and inflation, globally. At the same time, consumers are opting for personalized insurance, which is driving digital tran…
