Insurtech and Customer Services: Lessons for the Incumbents
Kminsights.com published “Insurtech and Customer Services” from its database. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
(EMAILWIRE.COM, March 24, 2018 ) The Emergence of insurtech has been fueled by new digital capabilities and Internet of Things (IoT) devices that are reducing costs, changing systems and processes, and enhancing the consumer experience. From an industry burdened by outdated systems and paper-based operations, the insurtech space has emerged as one of the largest innovation ecosystems globally in 2016, and is set to modernize the industry in the years going forward. It has taken a while for banks and insurance firms to fully embrace fintech innovation, due in part to the amount of legacy systems in place, the heavy dependence on historical data, and the low risk appetite for new insurance-related products at most traditional firms. However, rapidly changing customer behavior, the availability of smart devices, and innovation ecosystems achieving scale provided the industry with a much-needed push in 2016 (and beyond) to adopt insurtech in a huge way.
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Key Findings
- Consumer behavior has shifted to accentuate the sharing economy, and the products/platforms that best encompass these new behavior patterns are likely to be the most successful.
- One of the largest emerging areas within insurtech in 2016 was the development of apps and devices that monitor how consumers behave and make purchases, mainly driven through IoT.
- Policy management is a key theme stemming from most new insurtech developments, enabling consumers to personally manage and take more control of their insurance dealings.
- Start-ups are encouraging consumers to move away from traditional insurance practices through the introduction of peer-to-peer (P2P) platforms, where liabilities and risks are managed by the individual(s) instead of the insurer.
Synopsis
“Insurtech and Customer Services: Lessons for the Incumbents” provides an in-depth analysis of recent developments in the insurtech space and the impact on the insurance industry. The report discusses how mainstream insurers are embracing new technology and how these new innovations could revolutionize many of the long-standing systems and processes within general insurance. It also looks at how insurers could benefit from the types of propositions offered by these new tech groups and the opportunities that may exist in the form of partnerships.
Reasons To Buy
- Gain a detailed insight into the insurtech space.
- Discover how insurtech is benefitting mainstream providers, and also the potential limitations.
- Be informed of the insurers investing in the technology and those looking to develop new digital/tech-based propositions.
Ask for PDF Sample with Full TOC at https://tinyurl.com/yddgkcuf
About Us:
Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and smaller, more expert concerns.
Get Sample Copy Of This Report@ https://tinyurl.com/yddgkcuf
Key Findings
- Consumer behavior has shifted to accentuate the sharing economy, and the products/platforms that best encompass these new behavior patterns are likely to be the most successful.
- One of the largest emerging areas within insurtech in 2016 was the development of apps and devices that monitor how consumers behave and make purchases, mainly driven through IoT.
- Policy management is a key theme stemming from most new insurtech developments, enabling consumers to personally manage and take more control of their insurance dealings.
- Start-ups are encouraging consumers to move away from traditional insurance practices through the introduction of peer-to-peer (P2P) platforms, where liabilities and risks are managed by the individual(s) instead of the insurer.
Synopsis
“Insurtech and Customer Services: Lessons for the Incumbents” provides an in-depth analysis of recent developments in the insurtech space and the impact on the insurance industry. The report discusses how mainstream insurers are embracing new technology and how these new innovations could revolutionize many of the long-standing systems and processes within general insurance. It also looks at how insurers could benefit from the types of propositions offered by these new tech groups and the opportunities that may exist in the form of partnerships.
Reasons To Buy
- Gain a detailed insight into the insurtech space.
- Discover how insurtech is benefitting mainstream providers, and also the potential limitations.
- Be informed of the insurers investing in the technology and those looking to develop new digital/tech-based propositions.
Ask for PDF Sample with Full TOC at https://tinyurl.com/yddgkcuf
About Us:
Key Market Insights is a stand-alone organization with a solid history of advancing and exchanging market research reports and logical surveys delivered by our numerous transnational accomplices, which incorporate both huge multinationals and smaller, more expert concerns.
Contact Information:
Key Market Insights
sambit kumar
Tel: 8007533694
Email us
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Key Market Insights
sambit kumar
Tel: 8007533694
Email us
----
This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results