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  1. GlobalData Cyber Insurance
December 9, 2019updated 26 Jan 2022 2:59pm

Digitalization is at the forefront of Zurich Insurance’s plan, says GlobalData

By Imogen Clegg

Fintech (financial technology) is a form of technology looking to compete with traditional financial methods. It is an area of financial services that has gone from strength to strength and will improve activities in the financial sector. Cryptocurrency, fx trading apps, and smartphones are all examples of how technology can be used in finance. 

Free Report
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What will drive the cyber insurance market over the next 3 years?

The global cyber insurance market was worth $7bn in gross written premiums (GWP) in 2020. It will reach $20.6bn by 2025, as the market will continue to thrive post-COVID-19. Our recent report on Cyber Insurance reveals that cybersecurity was thrust into the spotlight in 2020 as COVID-19 forced businesses to digitize their processes and adopt remote working practices overnight. The pandemic also presented an opportunity for cybercriminals to exploit global panic, with a surge in cyberattacks occurring in 2020. The need for cyber insurance is apparent, but the market is not as easy to navigate as it once was. Use our report to guide and help you to:
  • Benchmark yourself against the rest of the market.
  • Ensure you remain competitive as new innovations and insurance models begin to enter the fray.
  • Prepare for how regulation will impact cyber insurance over the next few years.
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

The report Enterprise Tech Ecosystem Series: Zurich Insurance Group will provide an insight into Zurich Insurance Group and their current fintech activities. Zurich Insurance are looking to implement digitalization strategies, innovations, and technology initiatives. GlobalData will look at their ICT budgets and contracts to assess their capability for growth. 

Zurich Insurance is investing in a number of new and emerging technologies.

Zurich will be adapting many digital capabilities to provide tailored solutions to customers to improve their experience. Digitalization has become important to Zurich Insurance and will enable customers to report claims, accelerate claims, and allow faster payment of claims. GlobalData’s report explores how Zurich is investing and deploying technologies to simplify processes, product portfolios, and IT systems. 

Key highlights of this report include:

  • Zurich Insurance is partnering with and sponsoring accelerator programs in the US, UK, and Asia-Pacific to support innovative startups that will accelerate digital transformations. It has empowered over 200 startups as of August 2018.
  • Zurich Insurance has been acquiring companies that provide online insurance platforms focussing on those with telematics solutions
  • Zurich Insurance will tap into AI, blockchain, cybersecurity, IoT, cloud computing, big data and more.
  • View coverage of Zurich Insurance’s product launches, partnerships, investments, and acquisitions

Gain an insight into fintech services and how they impact the financial sector. Gain an understanding of fintech strategies as well as innovation initiatives. Learn about Zurich’s fintech operations and align investment with this for maximized profit. 

To learn more about this report, visit GlobalData’s Report Store

Free Report
img

What will drive the cyber insurance market over the next 3 years?

The global cyber insurance market was worth $7bn in gross written premiums (GWP) in 2020. It will reach $20.6bn by 2025, as the market will continue to thrive post-COVID-19. Our recent report on Cyber Insurance reveals that cybersecurity was thrust into the spotlight in 2020 as COVID-19 forced businesses to digitize their processes and adopt remote working practices overnight. The pandemic also presented an opportunity for cybercriminals to exploit global panic, with a surge in cyberattacks occurring in 2020. The need for cyber insurance is apparent, but the market is not as easy to navigate as it once was. Use our report to guide and help you to:
  • Benchmark yourself against the rest of the market.
  • Ensure you remain competitive as new innovations and insurance models begin to enter the fray.
  • Prepare for how regulation will impact cyber insurance over the next few years.
Download the full report to understand what to expect and how to align your business for success.
by GlobalData
Enter your details here to receive your free Report.

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