IDC PeerScape: Sustainable Insurance Part 2: — Practices to Decrease IT and Operational Footprint in Sustainable Insurance
Mutualizing and managing risks are at the heart of insurance — two concepts that are closely related to environmental, social, and governance (ESG) standards. This represents a clear opportunity for insurers to reclaim their societal purpose to fuel growth and attract new customers by showcasing their commitment to sustainability. Some insurers are now attempting to gain competitive advantage through sustainable products, while others are starting a more proactive conversation with government about how they can contribute to what appears to be a new social contract, said Davide Palanza, research manager, IDC's Insurance Digital Business Strategies.
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- IDC PeerScape Figure
- Executive Summary
- Peer Insights
- Practice 1: Scenario-Based Decision Making
- Challenge
- Example: Zurich Insurance Group
- Guidance
- Practice 2: IT and Workforce Transformation
- Challenge
- Example: Swiss Re
- Guidance
- Practice 3: ESG Analytics and Intelligence
- Challenge
- Example: Large U.K.-Based Insurance Company
- Guidance
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