U.S. Insurers Will Need To Focus On Innovation To Remain Successful: EY

2016 will likely be one of continued disruptive change in the property and casualty insurance market in the United States, and insurers will need to focus on innovation in all areas of the business to remain successful, suggests a new survey from Ernst & Young, an assurance, tax, transaction and advisory services firm.The 2016 EY US property/casualty insurance outlook, released on Wednesday, said that “digital technologies, such as social media, analytics and telematics, will continue to transform the market landscape, recalibrating customer expectations and opening new ways to reach and acquire clients.”