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Author: Kiran Sood Publisher: CRC Press ISBN: 1003811507 Category : Computers Languages : en Pages : 372
Book Description
This book is a unique guide to the disruptions, innovations, and opportunities that technology provides the insurance sector and acts as an academic/industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. It also contains the current philosophy and actionable strategies from a wide range of contributors who are experts on the topic. It logically explains why traditional ways of doing business will soon become irrelevant and therefore provides an alternative choice by embracing technology. Practitioners and students alike will find value in the support for understanding practical implications of how technology has brought innovation and modern methods to measure, control, and evaluation price risk in the insurance business. It will help insurers reduce operational costs, strengthen customer interactions, target potential customers to provide usage-based insurance, and optimize the overall business. Retailers and industry giants have made significant strides in adopting digital platforms to deliver a satisfying customer experience. Insurance companies must adjust their business models and strategies to remain competitive and take advantage of technology. Insurance companies are increasingly investing in IT and related technologies to improve customer experience and reduce operational costs. Innovation through new technologies is a key driver of change in the financial sector which is often accompanied by uncertainty and doubt. This book will play a pivotal role in risk management through fraud detection, regulatory compliances, and claim settlement leading to overall satisfaction of customers.
Author: Kiran Sood Publisher: CRC Press ISBN: 1003811507 Category : Computers Languages : en Pages : 372
Book Description
This book is a unique guide to the disruptions, innovations, and opportunities that technology provides the insurance sector and acts as an academic/industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. It also contains the current philosophy and actionable strategies from a wide range of contributors who are experts on the topic. It logically explains why traditional ways of doing business will soon become irrelevant and therefore provides an alternative choice by embracing technology. Practitioners and students alike will find value in the support for understanding practical implications of how technology has brought innovation and modern methods to measure, control, and evaluation price risk in the insurance business. It will help insurers reduce operational costs, strengthen customer interactions, target potential customers to provide usage-based insurance, and optimize the overall business. Retailers and industry giants have made significant strides in adopting digital platforms to deliver a satisfying customer experience. Insurance companies must adjust their business models and strategies to remain competitive and take advantage of technology. Insurance companies are increasingly investing in IT and related technologies to improve customer experience and reduce operational costs. Innovation through new technologies is a key driver of change in the financial sector which is often accompanied by uncertainty and doubt. This book will play a pivotal role in risk management through fraud detection, regulatory compliances, and claim settlement leading to overall satisfaction of customers.
Author: Kiran Sood (Professor of business) Publisher: ISBN: 9781032630946 Category : Blockchains (Databases) Languages : en Pages : 0
Book Description
This book is a unique guide to the disruptions, innovations, and opportunities that technology provides the insurance sector and acts as an academic/industry-specific guide for creating operational effectiveness, managing risk, improving financials, and retaining customers. It also contains the current philosophy and actionable strategies from a wide range of contributors who are experts on the topic. It logically explains why traditional ways of doing business will soon become irrelevant and therefore provides an alternative choice by embracing technology. Practitioners and students alike will find value in the support for understanding practical implications of how technology has brought innovation and modern methods to measure, control, and evaluation price risk in the insurance business. It will help insurers reduce operational costs, strengthen customer interactions, target potential customers to provide usage-based insurance, and optimize the overall business. Retailers and industry giants have made significant strides in adopting digital platforms to deliver a satisfying customer experience. Insurance companies must adjust their business models and strategies to remain competitive and take advantage of technology. Insurance companies are increasingly investing in IT and related technologies to improve customer experience and reduce operational costs. Innovation through new technologies is a key driver of change in the financial sector which is often accompanied by uncertainty and doubt. This book will play a pivotal role in risk management through fraud detection, regulatory compliances, and claim settlement leading to overall satisfaction of customers.
Author: Gupta, S. L. Publisher: IGI Global ISBN: 1668441357 Category : Business & Economics Languages : en Pages : 303
Book Description
The surge in technological transformation affects all business model phases over many industries. Emerging technologies provide new avenues for industries to increase their competitive advantage and enhance economic progression. Blockchain technology’s ability to build an open and trustworthy network model seems to promote shared IT-based networks in banking, insurance, and other similar industries. The adoption of blockchain in the banking and insurance industry is developing rapidly. Applications, Challenges, and Opportunities of Blockchain Technology in Banking and Insurance explores how blockchain technologies optimize and integrate the transactions and operations in association with access to information and reduction in communication costs and negligible data transfer errors. It includes studies on various banking and insurance industries intending to use blockchain technology to make transactions convenient, simple, and safe. Covering topics such as cryptocurrency, digital transformation, and small and medium-sized enterprises, this premier reference source is an essential resource for policymakers, government officials, students and educators of higher education, libraries, banking managers, insurance professionals, researchers, and academicians.
Author: Enrique Gil Ramirez Publisher: GRIN Verlag ISBN: 3346276600 Category : Business & Economics Languages : en Pages : 104
Book Description
Master's Thesis from the year 2018 in the subject Economics - International Economic Relations, Cologne Business School Köln, language: English, abstract: This research has been gathered together with the collaboration of Control Expert Company, a German company dedicated to providing services to the core business of the automotive insurance industry. This research is mainly focused on the different applications that Blockchain technology offers the automotive insurance industry. Based on these applications, a process model is developed from the perspective of the service provider sector of the automotive insurance. Having the main focus in mind, this research will answer the following question: How does Blockchain technology benefit the Automotive Insurance Process? The structure of this research will lead the reader through the evolution of the Blockchain technology and its features. First, a full definition of the technology will be explained. This will be followed by the generations of Blockchain and its classification. After that some history on regards Blockchain and the digital era will be mentioned. Such as the main innovations of the digital era, the creators of the technologies involved in Blockchain, and the main innovations within Blockchain. As the Internet of Things has become more and more popular during the last years, it is not possible to ignore the huge impact that it is having on people's daily lives. IoT represents a network of devices such as sensors, vehicles, computers and more, which interact among themselves and exchange information. Here comes a very interesting subcategory of the IoT – The Internet of People. The Internet of People describes the exchange of data through different devices but related to the people, or, in other words, the information gathered comes strictly from people. From this idea, the Internet of Money rises describing mainly how Blockchain and Bitcoin are changing the financial system. This is based on the idea of recording transactions in a safer way within a more decentralized system. Due to the strong disruption of Blockchain within different industries and the usability of the technology, it has been considered as an extra layer working over the internet. This is a new tier that enables transactions on a different level; permitting storage and record of data in a different way than a conventional database.
Author: Ricardo Escoda Publisher: GRIN Verlag ISBN: 334636027X Category : Business & Economics Languages : en Pages : 112
Book Description
Master's Thesis from the year 2020 in the subject Economics - Finance, grade: 1,3, International School of Management, Campus Munich, language: English, abstract: Blockchain is considered to be a breakthrough technology with many strengths and opportunities, but also weaknesses and threats for all industries around the globe. It has the potential to revolutionize many sectors, but it is not a universal remedy and does not replace every single traditional technology. Most businesses do feel insecure whether to invest time and money for Research and Development due to the lack of industry standards and regulations with respect to the technology. Before being able to guarantee suitability and successful implementation in any business, it is essential to study the differences between public, private, hybrid, and consortium Blockchain types. In areas of application not strongly relying on Blockchain’s distributed systems, alternative solutions such as Big Data Analytics, Artificial Intelligence, and Machine Learning might be more valuable. Nonetheless, Blockchain promises the unique potential for insurance companies to efficiently serve global markets with areas of application mainly concentrating on parts of the VC where bureaucracy can be reduced by automation. For instance, the use of Smart Contracts where lots of data are analyzed, saved, distributed, and pro- cessed. By implementing BC, fields, where the focus is on customer experience such as Payments, Data Security, Transparency, and Developing New Business and Product Ideas, can be improved enormously. Use cases and new products supported by Blockchain might include P2P Micro-Insurances, Ad-hoc and Parametric Insurance Models, Automized Underwriting, Reduction of Fraud and Abuse, and Health Insurance Processes. Real-Time Analytics in the Form of SCs, Instant Pay-Outs, Automized Claims Management, and Improved Risk Modelling of Insurance Businesses might be achievable by connecting Blockchain and Big Data. Contrary to the expectations of the author, most industry experts are aware of the benefits and opportunities the technology can bring to their companies. Still, Blockchain is not anchored in their medium- to long-term visions and strategies. Most of the interviewees would rather act as active observers and early followers than taking the lead proactively. Reasons for this behavior, are the lack of market standards and regulations, the absence of solid Blockchain networks, and the shortage of use cases, but also, the lack of know-how and data security concerns.
Author: Sabine L.B VanderLinden Publisher: John Wiley & Sons ISBN: 1119362245 Category : Business & Economics Languages : en Pages : 328
Book Description
The definitive compendium for the Insurance Digital Revolution From slow beginnings in 2014, InsurTech has captured US$7billion in investment since 2010 — a 10% annual compound growth rate is predicted until at least 2020. Three in four insurance companies believe some part of their business is at risk of disruption and understanding the trends, drivers and emerging technologies behind Insurance’s Digital Revolution is a business-critical priority for all growth-minded firms. The InsurTech Book offers essential updates, critical thinking and actionable insight — globally — from start-ups, incumbents, investors, tech companies, advisors and other partners in this evolving ecosystem, in one volume. For some, Insurance is either facing an existential threat; for others, it is a sector on the brink of transforming itself. Either way, business models, value chains, customer understanding and engagement, organisational structures and even what Insurance is for, is never going to be the same. Be informed, be part of it. Learn from diverse experiences, mindsets and applications of technologies Discover new ways of defining and grasping growth opportunities Get the inside track from innovators, disruptors and incumbents Be updated on the evolution of InsurTech, why it is happening and how it will evolve Explore visions of the future of Insurance to help shape yours The InsurTech Book is your indispensable guide to a sector in transformation.
Author: Simon Grima Publisher: Emerald Group Publishing ISBN: 1804555622 Category : Business & Economics Languages : en Pages : 364
Book Description
With the rapid development of technologies, it becomes increasingly important for us to remain up-to-date on new and emerging technologies. This series, therefore, aims to deliver content on current and future technologies and how the young generation benefits from this.
Author: Simon Grima Publisher: Emerald Group Publishing ISBN: 1804555681 Category : Business & Economics Languages : en Pages : 297
Book Description
With the rapid development of technologies, it becomes increasingly important for us to remain up-to-date on new and emerging technologies. This series, therefore, aims to deliver content on current and future technologies and how the young generation benefits from this.
Author: Simon Grima Publisher: Emerald Group Publishing ISBN: 1804555649 Category : Business & Economics Languages : en Pages : 287
Book Description
With the rapid development of technologies, it becomes increasingly important for us to remain up-to-date on new and emerging technologies. This series, therefore, aims to deliver content on current and future technologies and how the young generation benefits from this.
Author: Lee David Kuo Chuen Publisher: World Scientific ISBN: 9811203911 Category : Business & Economics Languages : en Pages : 692
Book Description
This book offers a framework and analysis for the current technological landscape between the United States and China across the financial and insurance sectors as well as emerging technologies such as AI, Blockchain, Cloud and Data Analytics and Quantum Computing (ABCDQ). Based on original lecture slides used by the authors, the book presents contemporary and critical views of emergent technologies for a wide spectrum of readers from CEOs to university lecturers to students. The narrative aims to help readers upgrade their technology literacy and to overcome the fear of AI posed by our lizard brain.
Author: Kiran Sood
Author: Kiran Sood
Author: Kiran Sood (Professor of business)
Author: Gupta, S. L.
Author: Enrique Gil Ramirez
Author: Ricardo Escoda
Author: Sabine L.B VanderLinden
Author: Simon Grima
Author: Simon Grima
Author: Simon Grima
Author: Lee David Kuo Chuen