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
|Unit||Value (USD Million)|
|Key Companies Profiled||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)|
This growth is primarily driven by Provides the real and tangible advantages for reducing costs and Increasing efficiency in the underwriting process, claims and improves the customer satisfaction.
Globally, a noticeable market trend is evident Self-service dashboards
. The Financials sector in the North America region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Players, such as 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) etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
Key Developments in the Market:
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
- Provides the real and tangible advantages for reducing costs
- Increasing efficiency in the underwriting process, claims and improves the customer satisfaction
- Self-service dashboards
- Claims processes in an easier and faster way
- Regulatory changes associated with the market scenario
Create Speed to market, Productivity in sales and Enhancement in customer experience
AMA Research follow a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mostly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcase the spontaneously changing Players landscape impacting the growth of the market. Furthermore, our market researchers extensively analyse the products and services offered by multiple players competing to increase their market share and presence.
Customization in the Report
AMA Research features not only specific market forecasts, but also include significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Digital Transformation In Insurance Study Sheds Light on
The Digital Transformation In Insurance Market status quo and key characteristics. To end this, Analyst at AMA organize and took survey of the Digital Transformation In Insurance industry Players. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Digital Transformation In Insurance industry is heading and what are the top priorities. Insights are drawn from financial analysis, the survey and interviews with key executives and industry experts.
How every company in this diverse set of Players can best navigate the emerging competition landscape and follow a strategy that helps them position to hold value they currently claim, or capture the new addressable opportunity.