The Progressive Corporation - Digital Transformation Strategies

The Progressive Corporation - Digital Transformation Strategies

Summary

The Progressive Corporation is a holding company comprising insurance and non-insurance subsidiaries and affiliates. It has three operating segments, namely its personal lines, commercial lines, and property segments. The personal lines segment provides insurance for personal recreational vehicles and personal automobiles. The commercial lines segment provides business-related general liability and property insurance, workers’ compensation insurance, and auto-related liability and physical damage insurance. The property segment offers residential property insurance for homeowners and tenants. In 2022, Progressive’s personal lines segment was the largest operating segment followed by the property segment. Progressive operates across the US through independent agencies and direct distribution channels.

This report provides insight into The Progressive Corporation's technology activities, including its digital transformation strategies, its innovation programs, its technology initiatives, its investements and its acquisitions.

Scope

• The Progressive Corporation is is strengthening its focus on the use of key disruptive technologies to enhance its business operations and service offerings. To do so, it is tapping into key disruptive technologies including AI, big data, insurtech, and IoT, among others.
• The insurance company is leveraging AI to improve driver safety and lower insurance costs.
• The company's Level20 business incubator uses its own tech stack to rapidly develop, build, and launch products that address the unmet needs of Progressive’s customers.

Reasons to Buy

• Gain insights into The Progressive Corporation’s technology activities.
• Gain insights into its digital strategies and innovation initiatives.
• Gain insights into its technology themes under focus.
• Gain insights into its various product launches, partnerships, investments and acquisitions.