The Impact of Alternative Providers in Insurance Report 2017-2022
Alternative Providers in Insurance
Overview
The Impact of Alternative Providers in Insurance provides an in-depth analysis of the potential disruption caused to the UK insurance market should an alternative provider such as Google or Apple seek to enter. Among the points discussed include whether consumers are open to purchasing insurance from an alternative provider, the potential collaboration opportunities for current providers, as well as some examples of collaboration already occurring across different markets.
The insurance industry has seemingly awoken from a slumber in the last few years, and is now comparatively surging with innovative energy and insurtech propositions. But the most advanced technologies are rarely utilized, and with the industry still learning to build closer engagement with customers the market remains vulnerable to the entrance of alternative (or non-traditional) providers. The most disruptive alternative providers are likely to be technology specialists, as leveraging the latest technology will enable them to operate more efficiently and greatly improve the customer experience.
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Top Companies mentioned
Amazon
Apple
O2
Munich Re
Swiss Re
Alternative Providers in Insurance Industry Major Outlook
Among a number of alternative brands, survey respondents were most open to purchasing an insurance product from Amazon.
Collaboration with leading technology companies will provide opportunities to develop a competitive edge in a number of areas.
With almost a fifth of consumers open to purchasing home insurance from Google there is an opportunity for the tech giant to leverage its smart home devices in this space.
Alternative Providers in Insurance - Competitive Analysis
Key players are making innovative developments in Alternative Providers in Insurance industry. The same will help in improving the market performance. Heavy investments are made by major players in the R&D sector
Table of Contents
Table of Contents
Executive Summary
Alternative providers
Friend or foe?
Alternative provider profiles
Appendix
.Continued
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Posted by
Vivian Dsena
on Thursday April 05 2018, 5:08 AM EST.
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