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RAPPORT

Ecosystems

Insurers: Go all-in

While disruption is rocking all industries, among the most vulnerable is insurance. Accenture analyzed 20 industries and found that although insurance is currently experiencing a low level of disruption, it is the fourth most susceptible to future disruption.

Disruption is putting immense value at stake. It has been estimated that by 2022, carriers that are slow to respond to changes by agile, hyper-relevant competitors—we call them “living businesses”—could suffer market share erosion worth as much as US$198 billion. These living businesses adapt and innovate constantly—at speed and scale—to increase their relevance to today’s consumers who want it all.

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