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Digital Transformation In Insurance Market Share, Growth Rate, Manufacturers:SAP , Dell EMC, Microsoft , Adobe Systems, IBM ,
Digital Transformation In Insurance Market
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Summary
Market Overview: Digital transformation is refer as an important act for many industries, but for the insurance sector it is refer as a business priority. It’s not like of adopting an innovative or solely external process. Digital transformation in insurance sector requires an innovative business model which is totally focused on customer needs, with more connected products and services, emerging technologies and real-time data. Many forces like weak financial performance, cost pressures, increasing regulatory requirements, new competitive threats demand a profound revolution in the insurance industry. But at the same time, customers increasingly expect a near real-time relationship with the insurer for the submissions and claims. Some of the key players profiled in the study are Capgemini (France) , Cognizant (United States) , SAP (Germany) , Dell EMC (United States) , Microsoft (United States) , Adobe Systems (United States) , Accenture (Ireland) , IBM (United States) , Oracle (United States) and Cisco (United States).
Market Dynamics
Market Trend
Self-service dashboards
Claims processes in an easier and faster way
Market Drivers
Provides the real and tangible advantages for reducing costs
Increasing efficiency in the underwriting process, claims and improves the customer satisfaction
Challenges
Changes associated with the customer expectations and behaviour or by the advent of ‘disruptive’ organisations
Opportunities
Create Speed to market
Productivity in sales
Enhancement in customer experience
Major Market Developments
Capgemini announced the acquisition of Doing, a full service digital agency based in Italy. This bolt on acquisition further expands its local digital services capabilities and aligns with the ambition of Capgemini Invent, the Group’s global business line, launched recently to help CxOs envision and build what’s next for their businesses
Capgemini launches world InsurTech Report 2018, in that report it is given that the insurance technology (InsurTech) sector is booming and facilitating a new era of collaboration between challengers and insurance industry incumbents
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The following are the major objectives of the study
• To define, describe, and forecast the Global Digital Transformation In Insurance market on the basis of product [Professional Services in digital transformation and Managed Services in digital transformation] , application [], key regions and end user
• To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
• To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
• Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
• To provide market size for various segments of the Digital Transformation In Insurance market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America) , Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific) , Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe) , MEA (Middle East, Africa) , North America (United States, Canada, Mexico)
• To strategically profile the key players and analyzing their market shares and core competencies in the Digital Transformation In Insurance industry
• To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
While framing the research framework, major and emerging players operating in the Digital Transformation In Insurance market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Dow Jones (Factiva), along with primary respondents. The complete methodology includes the study of the annual and financial reports of the key market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) related to the market.
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Table of Contents
1 Market Overview
1.1 Digital Transformation In Insurance Introduction
1.2 Market Analysis by Type
1.3 Market Analysis by Applications
1.4 Market Analysis by Regions
1.5 Market Dynamics
1.5.1 Market Opportunities
1.5.2 Market Risk
1.5.3 Market Driving Force
2 Manufacturers Profiles
2.1.1 Business Overview
2.1.2 Digital Transformation In Insurance Type and Applications
2.1.3 Digital Transformation In Insurance Sales, Price, Revenue, Gross Margin and Market Share (2016-2017)
3 Global Digital Transformation In Insurance Market Competition, by Manufacturer
3.1 Global Digital Transformation In Insurance Sales and Market Share by Manufacturer (2016-2017)
3.2 Global Digital Transformation In Insurance Revenue and Market Share by Manufacturer (2016-2017)
3.3 Global Digital Transformation In Insurance Price by Manufacturer (2016-2017)
3.4 Market Concentration Rate
....Continued
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Craig Francis (PR & Marketing Manager)
HTF Market Intelligence Consulting Private Limited
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About Author:
HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.
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