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Digital Innovation in Insurance Market 2017 – Current Trends, Demand & In-depth Research & Analysis 2023
Allied Market Research
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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.
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The global digital innovation in insurance market is segmented on the basis of insurance type, technology, and region. Insurance types covered in this study include health insurance, motor insurance, home insurance, travel insurance, commercial insurance, and others (personal accident insurance, marine (cargo) insurance, and rural). Based on technology, the market is divided into cloud computing, Internet of Things (IoT), advanced analytics, telematics, and others (digital platforms, GPS, mobile phones, drones, blockchain, smart contracts, and artificial intelligence). Based on region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
Key players operating in this market are AXA, Zurich, China Life Insurance Company Ltd., Berkshire Hathaway Inc., Prudential Financial, Inc., UnitedHealth Group, Munich Re Group, ASSICURAZIONI GENERALI S.P.A., JAPAN POST HOLDINGS Co., Ltd., and Allianz.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions". AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain. We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.
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