D2C Emerged as Channel with High Growth Potential, States Timetric in Its In-Demand Report Available at MarketPublishers.com18 Jan 2017 • by Natalie Aster
LONDON – The technology advances and the realisation of opportunities in the digitisation of current insurance processes have motivated providers to investigate and create D2C channels. In May 2016, D2C emerged as a channel with high prospects for growth over the next one year. The majority of startup companies are striving to enable insurers cooperate with them on consumer and technology engagement, as against disrupting and competing. Some are displacing agents by developing digital channels and tackling problems with current models.
The D2C platform offers an opportunity for insurance firms to automate and carry out underwriting on-line. It also decreases operating costs and speeds up the risk assessment process.
Surging rates of Internet penetration, and also information availability and transparency are leading to a transition of power from insurance enterprises to customers. Consumers are laying emphasis on the ease of provided services, and expect the delivery to be fast. Digital trends created by such online retailers as Amazon and eBay make consumers require the identical level of digital convenience from insurance carriers.
Insightful research report “Maximizing Direct-to-Consumer Opportunities in Insurance” drawn up by Timetric delves deep in the emerging significance of the D2C channel in the insurance industry.
The study sheds light on the upsurge in the adoption of D2C among insurers, gives an analysis of growth opportunities and challenges pertaining to D2C channels. The report gives deep insights into the rising popularity of D2C, as well as provides an all-round assessment of the major market drivers and trends. The research publication presents a refined understanding of D2C trends in other industry sectors. It analyses the growth of the existing distribution channels in major mature and emerging economies, and evaluates the premiums earned through each distribution channel by insurance segment.
More in-demand studies by our partner can be found at Timetric page.