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Research and Markets: Insight Report: Digital Innovation in Insurance 2013-2018
[July 30, 2015]

Research and Markets: Insight Report: Digital Innovation in Insurance 2013-2018


Research and Markets (http://www.researchandmarkets.com/research/7sknmj/insight_report) has announced the addition of the "Insight Report: Digital Innovation in Insurance" report to their offering.

The report discusses how insurers in different markets use digital technology in different business functions, including product development, sales and marketing, underwriting, claims management and customer services. It also discusses market trends, opportunities and challenges faced by insurers in the successful implementation of digital strategy.

A significant number of insurers have opted for software-as-a-service (SaaS (News - Alert)) cloud solutions to use in non-core functions such as financial management, human resource management systems, and customer relationship management. SaaS has the potential to support the full insurance business, but its use for core activities such as underwriting, fraud detection, claims and product development remains low.

Mobile technology can play a key role in helping insurers to manage claims, from helping customers to report first notifications ofloss, to settlements. Mobile apps can be used to submit claims and required details, and allow customers to check claim statuses. Mobile devices' integrated cameras enable customers to take and upload pictures when submitting claims.



The global market for insurance telematics is forecast to grow at a compound annual growth rate (CAGR) of 80.20% over 2013-2018, to reach 85.5 million subscribers in 2018. Rapid technological advancements, such as mobile applications to track driving behavior, reduce the cost of implementing and operating insurance telematics.

Wearable technology is set to transform the health insurance category. Insurers not only use wearable technology to assess risk using collected data, but also to create a new range of value-added services. Wearable technology also has the potential to help customers improve their health and detect abnormalities at an early stage.


Key Topics Covered:

1 Executive Summary

2 Digital Trends in the Global Insurance Industry

3 Consumer Behavior in the Digital Era

4 Big Data and Cloud Computing

5 Social Media

6 Exploring Untapped Digital Opportunities

7 Challenges for Digital Insurers

8 Conclusion

9 Appendix

Companies Mentioned

- Aegon NV

- Aetna Inc.

- Ageas

- Ergo Versicherungsgruppe AG

- Liberty Mutual Holding Company Inc.

- Lloyds Banking Group plc

- Manulife Fincial Corporation

- Mapfre SA

- Mediolanum SpA

- PICC Property and Casualty Company Ltd

- Ping An Property & Casualty Insurance Company of China, Ltd

- Prudential Fincial, Inc.

- Samsung (News - Alert) Fire and Marine Insurance Company Ltd

- Sun Life Fincial Inc.

- Swiss Life Holding Ltd

- The Allstate Corporation

For more information visit http://www.researchandmarkets.com/research/7sknmj/insight_report


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