Insurers could benefit from $ 375bn additional revenue over the next five years by using the latest technology innovations to transform their businesses , according to a report from Accenture . The report claimed $ 177bn could be generated in the industry from five key areas : emerging markets , improved market penetration , value - added services , expansion of strategic partnerships and monetising data , platforms and algorithms . A further $ 198bn would come from a general trend towards insurers that operate within these areas . Insurers can use technologies such as online , mobile , web and geo - location to improve their operations , Accenture said .
Insurers could benefit from $375bn additional revenue over the next five years by using the latest technology innovations to transform their operations, according to a report from Accenture. The report claimed $177bn could be generated in the industry from five key areas: emerging risks, improved market penetration, value-added services, expansion of business partnerships and monetising data, platforms and algorithms. A further $198bn would come from a general move towards insurers that transform within these areas. Insurers can use technologies such as online, mobile, analytics and geo-location to improve their operations, Accenture said.