The largest priority for technology investment priority for insurance companies worldwide is cybersecurity, according to a 2020 survey. In the survey, two thirds of the respondents stated that they expect their company to have a large or slight increase in their cybersecurity spend. The least popular response was robotic process automation, with only 30 percent of respondents expecting an increased spend on this category.
Digital technology investment priorities of insurance companies worldwide in 2020
Characteristic
Expect a large increase in spend
Expect a slight increase in spend
Expect no change
Expect a slight decrease in spend
Expect a large decrease in spend
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Deloitte. (December 3, 2020). Digital technology investment priorities of insurance companies worldwide in 2020 [Graph]. In Statista. Retrieved July 27, 2024, from https://www.statista.com/statistics/1192498/insurance-tech-investment-priorities/
Deloitte. "Digital technology investment priorities of insurance companies worldwide in 2020." Chart. December 3, 2020. Statista. Accessed July 27, 2024. https://www.statista.com/statistics/1192498/insurance-tech-investment-priorities/
Deloitte. (2020). Digital technology investment priorities of insurance companies worldwide in 2020. Statista. Statista Inc.. Accessed: July 27, 2024. https://www.statista.com/statistics/1192498/insurance-tech-investment-priorities/
Deloitte. "Digital Technology Investment Priorities of Insurance Companies Worldwide in 2020." Statista, Statista Inc., 3 Dec 2020, https://www.statista.com/statistics/1192498/insurance-tech-investment-priorities/
Deloitte, Digital technology investment priorities of insurance companies worldwide in 2020 Statista, https://www.statista.com/statistics/1192498/insurance-tech-investment-priorities/ (last visited July 27, 2024)
Digital technology investment priorities of insurance companies worldwide in 2020 [Graph], Deloitte, December 3, 2020. [Online]. Available: https://www.statista.com/statistics/1192498/insurance-tech-investment-priorities/