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The Progressive Corporation is an insurance holding company. It offers a range of personal and commercial automobile insurance, specialty property-casualty insurance, and other related services. It offers insurance products for motorcycles, all-terrain vehicles, recreational vehicles, manufactured homes, watercraft, and snowmobiles. The company also operates a property business, providing residential property insurance for homeowners, other property owners, and renters. It markets and distributes insurance products through independent insurance agents and brokers, the internet, mobile devices, and over the phone.
This report provides insights into The Progressive Corportation’s digital transformation strategies, accelerator programs, and innovation centers. It also gives an overview of its technology initiatives, covering partnerships and product launches, as well as insights on each technology initiative including technology theme, objective, and benefits. In addition, the report includes details of the company’s estimated ICT budgets and major ICT contracts.
- Progressive is exploring technologies including AI, machine learning, big data, cloud, cybersecurity, and IoT to achieve operational efficiencies and minimize fraud.
- Progressive is focusing on enhancing AI capabilities to reduce operating expenses. It implemented AI and data analytics technologies to derive precise insights on customers and better target potential segments.
- Progressive is implementing various initiatives to maintain uninterrupted business operations across its IT and business functions.
- Progressive is consistently focusing on investments in digital customer service products. As a part of this initiative, Progressive revamped its online website to provide self-service capabilities and extended its mobile-based offerings.
Reasons To Buy
- Learn about Progressive’s fintech operations, including investments, product launches, partnerships, and acquisitions.
- Gain insight into its fintech strategies and innovation initiatives.
- Discover which technology themes are under the group’s focus.