Market Research Report
Maximizing Direct-to-Consumer Opportunities in Insurance
|Published by||GlobalData||Product code||398029|
|Published||Content info||40 Pages
Delivery time: 1-2 business days
|Maximizing Direct-to-Consumer Opportunities in Insurance|
|Published: December 31, 2016||Content info: 40 Pages||
Timetric's 'Insight Report: Maximizing Direct-to-Consumer Opportunities in Insurance' analyzes the emerging importance of the direct-to-consumer (D2C) channel in the insurance industry.
Timetric's 'Insight Report: Maximizing Direct-to-Consumer Opportunities in Insurance' analyzes the state of the emerging online direct-to-consumer (D2C) channel in the global insurance industry.
The insurance industry is going through a phase of digital transformation. This process has impacted the entire business function, from underwriting to claims management.
The advance of technology has encouraged insurers to explore and establish D2C channels. According to the Global Insurance Industry Survey conducted by Timetric in May 2016, D2C emerged as a channel with growth prospects over the next 12 months.
The report also discusses the trends and drivers in the the adoption of D2C among insurers. The growing relevance of digital technology in insurance business models, and the need to strengthen digital capability are motivating insurers to develop D2C channels.
Insurers are also being forced to explore new and more effective channels to enable customer interaction following a decline in sales through brokers and agents, particularly in mature economies.
The ability to create a hybrid distribution model, combining agent-based capabilities with D2C platforms, is expected to become a particularly effective distribution strategy.