stark group
  • People
  • Start-ups
    • My-insurer
    • DBS-motor insurance
    • Insurance Market
    • Wellnex
    • Insure chat
    • No-deposit
  • News
  • Publications

RESISTANT TO TRANSFORMATION, THE CONTEXT OF THE INSURANCE INDUSTRY IN THE WORLD OF DIGITAL

11/17/2018

 
Picture
Abstract:
The digital world has transformed the way people shops, consumes and buys.
Not only it has changed our habits of purchase, but also it has opened doors to give access to more and better purchase experiences (Ismail N. 2016).
Today, retail consumer demands to reach anything, everywhere at any time, and evaluate or get everything anywhere every time. Such transformation came fast and change industries drastically.
In less than 10 years, most of them have been disrupted. In such context, the insurance industry is facing difficult time.
It is one of the rare industry that have not been affected or effectively disrupted unlike the transportation, telecommunication or hospitality industry. Some explain that the financial crisis and new regulation in place play a major parts of the lack of innovation (Klein, 2012).
Others explain that it is the industry itself that is not open to transformation (Reddy, 2014).
Innovation will come eventually in any case for the last one, the insurance needs more time (Nicoletti, 2016).  
The article is a literature review that revisit the context of the insurance industry explaining such situation. 
800_-_litterature_review_-_revised_3_-_20181408-_insurance_transformation_context.docx
File Size: 39 kb
File Type: docx
Download File


Comments are closed.
    Picture

    Author

    Matthias de Ferrieres has more than 15 years experience in the insurance industry in Asia.
    In late 2014, Matthias established Stark Group Private Limited to pioneer the digital transformation of the insurance industry. 

    Archives

    September 2021
    May 2021
    April 2021
    March 2021
    January 2020
    October 2019
    February 2019
    November 2018
    July 2018
    February 2018
    November 2017
    October 2017
    September 2017
    January 2017
    December 2016
    November 2016
    October 2016
    September 2016
    August 2016
    July 2016
    June 2016
    May 2016
    March 2016
    February 2016
    January 2016
    December 2015
    November 2015
    September 2015

    Categories

    All
    Article
    Document
    Video

Picture
Copyright © 2014 Stark Group Pte. Ltd. No. 201433305Z - All rights reserved.
#34 - 8 Shenton Way - AXA Tower - Singapore 048616
Disrupting the insurance industry - Creative digitalisation & innovative distribution 
Picture
  • People
  • Start-ups
    • My-insurer
    • DBS-motor insurance
    • Insurance Market
    • Wellnex
    • Insure chat
    • No-deposit
  • News
  • Publications