target audience: TECH BUYER Publication date: Dec 2024 - Document type: Tech Buyer Presentation - Doc Document number: # AP52550824
IDC FutureScape: Worldwide Insurance 2025 Predictions — Asia/Pacific (Excluding Japan) Implications
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Abstract
This IDC Presentation discusses the Asia/Pacific (excluding Japan) (APEJ) localization of the IDC FutureScape: Worldwide Insurance 2025 Predictions (IDC #AP52550824, October 2024). In the APEJ region, insurers are moving beyond the hype of generative AI (GenAI), understanding that its real value is unlocked only when aligned with strategic business goals. Scattered, unfocused initiatives will likely fail, so success in APEJ will rely on insurers' ability to execute a cohesive, organizationwide vision. This involves making targeted, synchronized adjustments to operating models, strengthening digital leadership, and prioritizing data and AI. Such a structured approach is crucial for enabling true AI-driven transformation, setting a foundation for insurers in APEJ to effectively realize the future potential of GenAI. This document presents an essential set of predictions that technology leaders in insurance must digest to prepare themselves for the major transformations ahead.