The global insurance industry in 15 years will see virtualservice providers, increased standardization, products quicklytailored to individual consumers, and shifting consumer loyalties,according to an IBM study.
Old insurance models will be replaced by “pay-as-you-live”insurance–which deals with life “as it happens,” and active riskmanagement–reducing claims management and costs by placing emphasison preventive actions, IBM predicted.
The study also forecast that new business processes will becreatedthat lower costs and broaden product appeal.
Continue Reading for Free
Register and gain access to:
- Breaking insurance news and analysis, on-site and via our newsletters and custom alerts
- Weekly Insurance Speak podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical converage of the employee benefits and financial advisory markets on our other ALM sites, BenefitsPRO and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
