Tech Trend Radar 2023: From AI Medicine to Space-based services

The “Tech Trend Radar 2023” is available now. ERGO and Munich Re publish the report to give insurers a complete overview of the latest cutting-edge trends and their effects on the industry. The report assesses the maturity and relevance of many of the latest tech developments relating to “Healthy Human”, “Connected Experience”, “Data & AI”, “Cyber & Crypto” and “Redefining Industries”. The report also presents technological risks, talking points and new business opportunities that arise for insurers along the entire value chain. It is published annually and is free of charge.

The “Tech Trend Radar 2023” is available now. ERGO and Munich Re publish the report to give insurers a complete overview of the latest cutting-edge trends and their effects on the industry. The report assesses the maturity and relevance of many of the latest tech developments relating to “Healthy Human”, “Connected Experience”, “Data & AI”, “Cyber & Crypto” and “Redefining Industries”. The report also presents technological risks, talking points and new business opportunities that arise for insurers along the entire value chain. It is published annually and is free of charge.

Martin Thormählen, Chief Technology Officer at Munich Re, has this to say about the latest issue of Tech Trend Radar: “ERGO and Munich Re have once again assessed the risks and benefits of the latest tech trends. Our ultimate goal is to give insurers an overview that will help them to insure new applications and solutions. In the report we share the expertise that we also call on at Munich Re to develop SaaS and service products and to optimise risk assessment, pricing, underwriting, portfolio creation and loss analysis processes. I’m delighted when the examples – from outer space through hydrogen to the blue economy – also inspire others to come up with completely new digital business models.”

Daniel Grothues, CTO ERGO Technology & Services Management, adds: “For insurers, tech is not a nice-to-have but the fundamental basis for resilience and an excellent customer experience – from signing the policy to claims settlement. At ERGO, we consider the potential of new technologies for our entire value chain and for all of our products. In publishing ‘Tech Trend Radar’ with Munich Re, we also help others find new ways to offer simpler, faster and better services to their customers.”

In addition to covering the five general trends, the latest issue of “Tech Trend Radar” also includes two additional chapters in which, for the first time, regional experts from North and South America, Europe, the UK, the Asia-Pacific region and Africa give their opinions on what the relevant tech trends are in their respective regions. The “Next Gen Insurance” chapter discusses what the tech-savvy target group is looking for in terms of insurance and what insurers should be mindful of in their products, their marketing and in addressing their target audiences.

The latest issue of the interactive “Tech Trend Radar 2023” is available now at https://www.ergo.com/techtrendradar. This is where additional information about the Downloads section at Munich Re can be found too.