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Future of Work in Insurance - Thematic Intelligence

Publisher GlobalData
Published Aug 09, 2023
Length 66 Pages
SKU # GBDT18180164

Description

Future of Work in Insurance - Thematic Intelligence


Summary

Analysis of destination markets, infrastructure, and attractions, as well as risks and opportunities in Western Europe. This report explores the types of travelers that visit the region as well as a SWOT analysis.

Key Highlights

A significant portion of international arrival growth can be attributed to Western Europe’s largest destination markets of France, Spain and Italy, which combined attracted xx of international arrivals (xx) to Western Europe in 2022.

Total inbound expenditure to Western Europe has grown rapidly, simultaneous with increased inbound visitation. As international travel began to resume in 2021, inbound expenditure increased by xx% YoY to $xx billion, before increasing to $xx billion in 2022.

xx% of UK respondents prefer to take sun and beach holidays according to GlobalData’s consumer survey 2021 Q3, therefore, many tourists are attracted to Spain’s beautiful beaches.

Ryanair is the biggest operator within the Spanish airline market, making up xx% of all flights in 2021.

Scope
  • Emerging technology trends such as AI and big data are beginning to shape the way people work across a range of industries. The impact of such technologies will only increase.
  • Macroeconomic trends are also having an impact, with zero-hour contracts and the gig economy changing how many people work.
  • While the world has moved on from COVID-19, it had a significant and lasting impact on the workplace.
Reasons to Buy
  • Benchmark yourself against the rest of the market.
  • Ensure you remain competitive as new innovations and insurance models begin to enter the workplace.
  • Understand how changing risks will continue to impact the insurance industry.

Table of Contents

66 Pages
Executive Summary
Players
Our Future of Work Framework
Visualization
Augmented reality (AR) and virtual reality (VR)
Connectivity
5G
Wearable tech
Automation
Autonomous vehicles
Drones
Generative AI
The gig economy
Trends
Technology trends
Macroeconomic trends
Regulatory trends
Industry Analysis
Insurers look to AI and data expertise for future employment
AI could lead to challenges and disputes for insurers
Generative AI sparks AI deals in 2023
Industry experts anticipate underwriting to be most impacted by AI transformation
Industry experts anticipate underwriting to be most impacted by AI transformation
Cyber insurance will boom due to changes in how people work
Working from home will alter commercial insurance risk
Younger employees will require different treatment
The increasing use of video calls could continue to hit business travel penetration
The metaverse could become an area to watch for insurers
The emergence of the gig economy has been a major shift in the workplace
Drones can impact the insurance industry and create a new insurance market
ESG responsibilities will shape the future of how businesses and employers operate
Transformation of driving will impact the future of work
Mergers and acquisitions
Timeline
Companies
Insurance companies
Technology companies
Sector Scorecards
Non-life insurance scorecard
Who’s who
Thematic screen
Valuation screen
Risk screen
Glossary
Further Reading
GlobalData reports
Our Thematic Research Methodology
About GlobalData
Contact Us
List of Tables
Table 1: Technology trends
Table 2: Macroeconomic trends
Table 3: Regulatory trends
Table 4: Mergers and acquisitions
Table 5: Insurance companies
Table 6: Technology companies
Table 7: Glossary
Table 8: GlobalData reports
List of Figures
Figure 1: Who are the leading players in the future of work theme, and where do they sit in the value chain?
Figure 2: GlobalData’s future of work framework
Figure 3: Spatial uses a proprietary AI algorithm to create avatars
Figure 4: There are five major markets for IoT, each defined by its own characteristics
Figure 5: Welsh hospitals use Proximie’s technology on Vodafone’s 5G network
Figure 6: Waymo began operating robotaxis in Arizona in 2020
Figure 7: Data collected by drones can be used to build 3D models & Walmart has been testing drone delivery since 2015
Figure 8: What is generative AI?
Figure 9: What are the capabilities of advanced AI?
Figure 10: Active insurance jobs within AI theme treble since the start of 2020
Figure 11: Generative AI leads to a recovery in completed AI deals in 2023
Figure 12: Underwriting and risk profiling can benefit the most from AI
Figure 13: The global cyber market will generate $33.4 billion in revenue by 2027
Figure 14: The change in how often UK employees work remotely since the COVID-19 pandemic, 2020-22
Figure 15: The change in how often UK employees work remotely since the COVID-19 pandemic, 2020-22
Figure 16: The change in how often UK employees work remotely since the COVID-19 pandemic, 2020-22
Figure 17: How often UK employees work remotely by age group, 2022
Figure 18: Work-life balance is the most important benefit for all employees
Figure 19: Business travel penetration rates recover in 2022
Figure 20: Older generations are much less likely to work in the gig economy
Figure 21: Insurers have been gradually looking to increase their expertise in drone technology
Figure 22: Insurers need to act in a range of ways to combat climate change
Figure 23: The cost of repairs will challenge insurers in the move to electric vehicles
Figure 24: The future of work story
Figure 25: Who does what in the non-life insurance space?
Figure 26: Thematic screen
Figure 27: Valuation screen
Figure 28: Risk screen
Figure 29: Our five-step approach for generating a sector scorecard

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