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Insurers have been catching up to adopt new technologies compared with their retail or banking counterparts, but we observe that the industry is moving away from this approach to embrace a transformation journey. Interesting news is that some players have already started strategic investments in Big Data and analytics to stay relevant in the market and remain competitive. Others are taking the cautious first steps. Business-change leaders in the insurance industry are currently trying to optimize the running costs of legacy systems to fund digital initiatives.