1. Market Research
  2. > Financial Services
  3. > Insurance Market Trends
The Future of Insurance

The Future of Insurance

  • December 2018
  • 122 pages
  • ID: 5713569
  • Format: PDF
  • By Frost & Sullivan

Summary

Table of Contents

Opportunities for Innovation in Emerging Markets, Technologies, Business Models, and Operations
This study looks at the changing landscape of the insurance industry in terms of emerging insurable markets, new business models, evolution in operations, and the value chain, as well as disruptors and opportunities to various lines of insurance.Readers of the study will come away with insight into new markets, technologies, and trends that they may not have considered previously, as well as a thorough understanding of ways in which they can evolve their business models, operations, and value chain to keep pace with innovators and emerging technology.

Innovation examples are provided throughout the study to serve as guideposts for insurers.

Frost & Sullivan looks at 24 emerging insurable markets that range from urbanization topics, such as mega cities and smart cities, to social trends that include Gen Z, Millennials, elderly, and the income divide.We also address numerous technology topics such as AI, AR/VR, the blockchain, wearables, implants, self-healing materials, and automation, as well as mobility topics like autonomous vehicles and shared transportation.

For each market, an overview of the trend, as well as challenges that the trend presents and opportunities for insurers, is provided. Examples of industry best practices, notable activity, or case studies are provided for each market to illustrate movement in the industry in addressing the market.

Evolving business models assessed include prevention-as-a-service, usage-based insurance, ecosystem platforms, on-demand insurance, bundled offerings, value-added services, peer-to-peer insurance, and microinsurance.An explanation of the business model, its drivers, predictions on its future evolution, as well as current and future applications are provided.

Examples of industry best practices, notable activity, or case studies are provided for each emerging business model.

Our review of evolving operations includes emerging data sources, AI, automation, core systems/IT infrastructure shifts, and personnel/culture shifts.Examples of industry best practices, notable activity, or case studies for each evolution in insurance operations are provided.

The evolving value chain looks at emerging customer experiences and required insurance company capabilities across distribution and marketing, underwriting, policy servicing, and claims servicing.

When evaluating disruptors, we look at insurtech start-ups and non-traditional insurance participants such as Amazon.Finally, we identify opportunities across many lines of personal and business insurance.

We have noted the expected impact of each insurable market trend on the lines of insurance business included. This study includes 37 examples of best practices in emerging areas of the insurance industry.

Author: Lauren Martin-Taylor

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:
Testimonials

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at
Ikea

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at
Ingredion

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

FAQ
  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.
Purchase Reports From Reputable Market Research Publishers
UK Commercial Property Insurance: Market Dynamics & Opportunities 2019

UK Commercial Property Insurance: Market Dynamics & Opportunities 2019

  • $ 3450
  • November 2019

UK Commercial Property Insurance: Market Dynamics & Opportunities 2019SummaryThe commercial property insurance market saw stable gross written premiums (GWP) growth again in 2018.The market remains competitive, ...

Thailand Reinsurance: Key trends and Opportunities to 2023

Thailand Reinsurance: Key trends and Opportunities to 2023

  • $ 3999
  • October 2019

Thailand Reinsurance: Key trends and Opportunities to 2023Summary’Thailand Reinsurance: Key Trends and Opportunities to 2023’ report provides in-depth market analysis, information and insights into ...

Israel General Insurance: Key trends and Opportunities to 2023

Israel General Insurance: Key trends and Opportunities to 2023

  • $ 3999
  • October 2019

Israel General Insurance: Key trends and Opportunities to 2023SummaryThe "Israel General Insurance: Key trends and Opportunities to 2023", report provides a detailed outlook by product category for the ...


ref:plp2018

Reportlinker.com © Copyright 2019. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on