NTT DATA Insurtech Global Outlook 2026: Insurance Faces an Inflection Point as Risk Outpaces Resilience
NTT DATA, a global leader in AI, digital business and technology services, today announced its latest Insurtech Global Outlook 2026 report, finding the insurance industry is at a structural inflection point due to growing uninsured losses and liability claims. The report delivers a clear message: risk is accelerating and standing still is no longer an option.
The report finds that cybersecurity is now the top business insurance risk with uninsured losses in the sector projected to rise from $171 billion in 2023 to over $700 billion by 2030. Meanwhile, climate related uninsured losses such as extreme weather, floods, and wildfires now total $180 billion and liability claims have risen by 57%.
In the face of this increasingly volatile market, building AI-native and agentic operations could deliver cost savings in automation and process optimization of up to 35% for insurers. There is, however, a bottleneck. Only 22% of insurers have...
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