CONSTITUTION: A business model for communication with insurance companies records telephone call details in a computer of a telephone office regardless of time and a place, if a subscriber wants to buy an automatic response system(ARS) insurance to connect with a telephone service of ARS ...
An opinion piece onKaiser Health Newsponders the thought, at a time when medical costs continue to skyrocket and the industry’s major health insurers are looking to merge into even bigger insurance companies. The piece mentions Anthem’s proposed merger with Cigna, th...
15 Inspiring Insurance Companies for 2025 After covering major insurance carriers, let’s highlight 15 companies making an impact. These innovators set positive examples by rethinking customer service, claims, products, and technology in the insurance industry. When planning business strategy and customer...
The paper evaluates the performance of the Takaful and insurance companies in Malaysia. It examines the impact of ownership, business model, and market structure on conventional and Takaful companies' performance. The inter-firm comparisons provide information about the performance and competitiveness of ...
Using the results from the market study, business model analysis, and customer survey, we discuss the (future) role of on-demand insur- ance, shedding light on the ongoing business model transformation in the insurance industry. We conclude that insurtech companies address emerging customer needs ...
Insurance companies can reap significant benefits from overhauling their core IT systems. Deciding which insurance IT approach to choose depends on a range of considerations.
Magretta, J. (2002, May). Why business models matter.Harvard Business Review, 3–8. Chesbrough, H., & Rosenbloom, R. S. (2002). The role of the business model in capturing value from innovation: Evidence from Xerox Corporation’s technology spin-off companies.Industrial and Corporate Change...
insurance industry will have more fragmented long-tail customers, and need to provide scenario-based, personalized and customized service. Therefore, traditional insurance companies need to reconstruct their operational mechanism based on customer behavior and update their business model to encourage innovatio...
While most pet insurance companies use this reimbursement model, some companies, like Trupanion, will partner with veterinarians and pay them directly. Before an insurance company will reimburse a pet owner or cover a claim, the pet owner must meet their deductible, which varies depending on the...
Future research could empirically investigate whether and how this model will be adopted by the financial market, using questionnaire research and individual interview. This work has both practical and social implications. Alternative and sustainable instruments allow firms, insurance companies and investors...