Future of Travelers Cos. | Quantumrun

Future of Travelers Cos.

The Travelers Companies, Inc. is a US insurance company. It is the 2nd biggest writer of American commercial property casualty insurance and the 3rd biggest writer of U.S. personal insurance through independent agents. The company is incorporated in Minnesota and headquartered in New York City and its biggest office in Hartford, Connecticut. Travelers also maintain a large office in St. Paul, Minnesota. It has been a part of the Dow Jones Industrial Average since June 8, 2009.

The company has field offices in every U.S. state, plus business activities in Ireland, China, Brazil, the United Kingdom, Singapore, and Canada.

Home Country: 
United States
Industry: 
Insurance - Property and Casualty (Stock)
Industry vulnerability to disruption: 

<p>Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:</p>

<p>*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.<br />
*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.<br />
*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.<br />
*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.<br />
*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.</p>

Total patents held: 
19
Ranking List: 
269
Ranking List: 
2017 Quantumrun Global 1000
182
Ranking List: 
2017 Quantumrun US 500
Ranking List: 
2017 Quantumrun Silicon Valley 100
Market Revenue Country: 
Prod/Serv name revenue: 
Founded: 
1853
Global brand rank: 
352
Company Name: 
Travelers Cos.
Sector: 
Revenue: 
27625000000
3y average revenue: 
27204666667
Operating expenses: 
23572000000
3y average expenses: 
22577333333
Company profile data note: 
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.
Global employee count: 
30900
Funds in reserve: 
307000000
create term: 
#269 | 2017 Quantumrun Global 1000
#182 | 2017 Quantumrun US 500

The Travelers Companies, Inc. is a US insurance company. It is the 2nd biggest writer of American commercial property casualty insurance and the 3rd biggest writer of U.S. personal insurance through independent agents. The company is incorporated in Minnesota and headquartered in New York City and its biggest office in Hartford, Connecticut. Travelers also maintain a large office in St. Paul, Minnesota. It has been a part of the Dow Jones Industrial Average since June 8, 2009.

The company has field offices in every U.S. state, plus business activities in Ireland, China, Brazil, the United Kingdom, Singapore, and Canada.

Home country:
United States
Sector:
Financials
Industry:
Insurance - Property and Casualty (Stock)
Website:
Founded:
1853
Global employee count:
30,900

Financial Health

Revenue
$27,625,000,000 USD
3y average revenue
$27,204,666,667 USD
Operating expenses
$23,572,000,000 USD
3y average expenses
$22,577,333,333 USD
Funds in reserve
$307,000,000 USD

Innovation assets and Pipeline

Global brand rank
352
Total patents held
19
All company data collected from its 2016 annual report and other public sources. The accuracy of this data and the conclusions derived from them depend on this publicly accessible data. If a data point listed above is discovered to be inaccurate, Quantumrun will make the necessary corrections to this live page.

Disruption Vulnerability

Belonging to the financial sector means this company will be affected directly and indirectly by a number of disruptive opportunities and challenges over the coming decades. While described in detail within Quantumrun’s special reports, these disruptive trends can be summarized along the following broad points:

*First off, the shrinking cost and increasing computational capacity of artificial intelligence systems will lead to its greater use across a number of applications within the financial world—from AI trading, wealth management, accounting, financial forensics, and more. All regimented or codified tasks and professions will see greater automation, leading to dramatically reduced operating costs and sizeable layoffs of white-collar employees.

*Blockchain technology will be co-opted and integrated into the established banking system, significantly reducing transaction costs and automating complex contract agreements.

*Financial technology (FinTech) companies that operate entirely online and offer specialized and cost-effective services to consumer and business clients will continue to erode the client base of larger institutional banks.

*Physical currency will disappear in much of Asia and Africa first due to each region’s limited exposure to credit card systems and early adoption of internet and mobile payment technologies. Western countries will gradually follow suit. Select financial institutions will act as intermediaries for mobile transactions, but will see increasing competition from tech companies who operate mobile platforms—they will see an opportunity to offer payment and banking services to their mobile users, thereby cutting out traditional banks.

*Growing income inequality throughout the 2020s will lead to an increase in fringe political parties winning elections and encouraging stricter financial regulations.