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Innovation contributes to the growth of insurance revenues

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Magazine Issue: 
Digital insurance, the new Eldorado [3]
Magazine date: 
Mar 2018
According to a survey conducted by the firm Accenture, innovation is likely to generate 375 billion USD in additional revenues to the insurance market for the next five years.
innovation assurance

The technological revolution is paving the way for insurers who are compelled to rethink their management, customer relationship, products, distribution channels and the entire business chain.

The insurance companies who are intent on tapping into these breakthroughs should waste no time to broker partnerships with AssurTech and harness new niches such as connected insurance or cyber-crimes.

Information and communication technologies also make it possible for insurers to better apprehend risks and understand their insured. They may, therefore, propose customized plans at adjusted tariffs.

Furthermore, the survey underscores that 76% of the recently-generated premiums will originate from customer knowledge.

Mon, 02/04/2018 - 09:13

Source URL: https://www.atlas-mag.net/en/article/innovation-contributes-to-the-growth-of-insurance-revenues

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