Quantum Computing to Affect Insurer Tech Strategies
Insurers should develop five-year quantum-readiness roadmaps and factor new developments into core, security, and AI strategies: Novarica
Boston, MA (Nov. 21, 2019) – Quantum computing has the potential to break the barriers of classical computing, forcing a redesign of the fundamental technology underlying data protection, risk modeling, and analytics. In its latest report, Quantum Computing and Insurance: Overview and Potential Players, research and advisory firm Novarica advises insurers to factor Quantum into their long-term technology plans.
The new brief provides an overview of quantum computing developments, current challenges, potential areas of impact for insurers, recommendations for insurers preparing to become quantum-ready, and short profiles of current players actively developing solutions in this space.
“The rise of quantum computing also offers insurers considerable growth opportunities,” said Mitch Wein, Senior Vice President of Research and Consulting and co-author of Novarica’s new report. “If adopted early and leveraged thoughtfully, quantum computing has the potential to give carriers a competitive advantage in risk modeling accuracy, core systems agility, data security, and AI-driven offerings and initiatives. The competitive risk to carriers for not leveraging quantum will grow as quantum computing capabilities become cloud-accessible.”
Click here for the table of contents or to access the report.
Report Summary
Quantum computing has the potential to break the barriers of classical computing, forcing a redesign of the fundamental technology underlying data protection, risk modeling, and select insurance third-party services.
This report provides an overview of quantum theory, current challenges, potential areas of impact for insurers, and recommendations for insurers preparing to become quantum-ready. It also features profiles of players actively developing solutions in this space, including Accenture, Cisco, D-Wave, Google, Guardtime Federal, IBM, ID Quantique, ISARA, MagiQ, Microsoft, Post-Quantum, QC Ware, QuantiCor Security, QuNu Labs, QxBranch, Rigetti, SpeQtral, Willis Towers Watson, Xanadu, and Xofia.
Click here for the table of contents or to access the report.
About Novarica
Novarica helps more than 100 insurers make better decisions about technology projects and strategy through retained advisory services, published research, and strategy consulting. Its knowledge base covers trends, benchmarks, best practices, case studies, and vendor solutions. Leveraging the expertise of its senior team and more than 300 CIO Research Council members, Novarica provides clients with the ability to make faster, better, more informed decisions. Its consulting services focus on vendor selection, custom benchmarking, project checkpoints, and IT strategy. For more information, visit www.novarica.com.
Source: Novarica
Tags: Accenture, Cisco, Google, IBM, Microsoft, Novarica, quantum computing, strategy, technology investment, Willis Towers WatsonRead the original article at Insurance-Canada.ca