Vision 2020 for Global Insurance Business

On 15 March 2012 TIA presented its Vision 2020 to the Customer Advisory Board (CAB). The meeting was well attended by the TIA customers representing a variety of different geographies and business models. Over the years TIA CAB has become a valuable sparring partner for TIA Technology making a difference in TIA’s current product and service offerings as well giving input on the long-term road map.

On 15 March 2012 TIA presented its Vision 2020 to the Customer Advisory Board (CAB). The meeting was well attended by the TIA customers representing a variety of different geographies and business models. Over the years TIA CAB has become a valuable sparring partner for TIA Technology making a difference in TIA’s current product and service offerings as well giving input on the long-term road map.

Vision 2020 is TIA’s point-of-view on what the future will look like within the global insurance business. It identifies the key trends that insurers will face and required capabilities that insurers will need to succeed in. Vision 2020 will serve as the main basis for shaping TIA’s product roadmap together with an intelligent adoption of technological innovation.

Based on inputs from various sources, TIA has identified the following megatrends that will shape the insurance industry towards 2020 (click the image below to view it in a better resolution):

Based on these major trends TIA and the CAB members discussed the key capabilities that insurers will need in the future with the aim of identifying what TIA has to bring on the table. The key capabilities addressing the megatrends will be reflected in TIA’s product roadmap to ensure that TIA’s software suite is a future proof insurance business solution giving insurers the possibility to quickly respond and adapt to the changing market demands.

Vision 2020 does not imply that TIA will radically change its existing roadmap with regard to what has previously been communicated to TIA’s Customers and Partners. It means that the range of offered features within each new TIA release will be further expanded and that TIA’s major release tracks (e.g. TIA track 7, TIA track 8) are likely to be extended to include several minor releases (e.g. TIA 7.1, TIA 7.2).

More details on TIA’s Vision 2020 and each of the identified megatrends will follow.

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