Press release
Digital Innovation in Insurance Market to Escalate with Significant Growth by 2022
Digital Innovation in Insurance Market
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Need to overhaul traditional business models, cost reduction, increased efficiency, and rise in profit margin drive the global digital innovation in insurance market. However, insurance companies are yet to fully capitalize upon the transformative power of digital technology, and many are still in the process to develop digital strategies that align with their business objectives. Use of digital channels to create new products and services presents a major opportunity for market development market.
Digital Innovation In Insurance Market Key Segments:
By Insurance Type
• Health Insurance
• Motor Insurance
• Home insurance
• Travel Insurance
• Commercial Insurance
• Others (Personal Accident Insurance, Marine (Cargo) Insurance, and Rural)
By Technology
• Cloud Computing
• Internet of Things (IoT)
• Advanced Analytics
• Telematics
• Others (Digital Platforms, GPS, Mobile Phones, Drones, Blockchain, Smart Contracts, and Artificial Intelligence)
By Region
• North America
• Europe
• Asia-Pacific
• LAMEA
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