SlideShare a Scribd company logo

Insurance Distribution Conference, 17th Jan 2008

•
•
M
Mahavir Chopra

The Presentation was rolled in at the Insurance Distribution Conference at ITC Grand Maratha Sheraton. The presentation provides a detailed note and road map to the beginning of a multi-layered online Insurance distribution channel in India.

TechnologyEconomy & Finance
1 of 18
Online Insurance – An emerging distribution Channel Mahavir Chopra www.InsuranceMall.in Mumbai, 17 th January 2007
Agenda 2. Macro Online Industry in India 3. Global Online Insurance Industry 4. Changing Trends in India. 5. Online Insurance in India, now 6. Online Insurance in India, tomorrow 1. Introduction
Objective The Objective of this presentation is “ to collectively discuss the emergence of a multi-layered online Insurance distribution industry in India and its benefits”
Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Times are changing Convenience is primary for the consumer today. The consumer is adopting time-saving intelligent media, in every need and want.
Shift for convenience ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Giant in the making ,[object Object],[object Object],[object Object],[object Object],[object Object],Internet, as a channel of Direct Marketing – is a giant in the making: Source: IOAI and Juxt Consult Online Reports
Growth of Internet Users Exponential Growth in the no. of users Source: IOAI and Juxt Consult Online Reports
Growth of Ecommerce eCommerce growing at more than 100% for the last 3 years Rs. Cr. Source: IOAI and Juxt Consult Online Reports
Profile of the Online Shopper: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: IOAI and Juxt Consult Online Reports
Global Online Insurance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: IOAI and Juxt Consult Online Reports
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Changing Trends in Insurance Distribution Higher Costs of Distribution and customer need has led to newer Distbn. Channels
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Some online insurance websites
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],InsuranceMall.in – Online Broker
Current Online Industry in India ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: IOAI and Juxt Consult Online Reports
Why it makes sense for everyone? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Online Industry – what it can become ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object]

Recommended

Presentation: Distribution Channels for Life Insurance, A Global Perspective
Presentation: Distribution Channels for Life Insurance, A Global PerspectivePresentation: Distribution Channels for Life Insurance, A Global Perspective
Presentation: Distribution Channels for Life Insurance, A Global PerspectiveIntelligo Consulting
 
Alternative Distribution Channels in mInsurance and Need for Value Alignment
Alternative Distribution Channels in mInsurance and Need for Value AlignmentAlternative Distribution Channels in mInsurance and Need for Value Alignment
Alternative Distribution Channels in mInsurance and Need for Value AlignmentMicroSave - Financial Inclusion Consulting
 
Multi Channel Distribution in Insurance - Whitepaper
Multi Channel Distribution in Insurance - WhitepaperMulti Channel Distribution in Insurance - Whitepaper
Multi Channel Distribution in Insurance - WhitepaperNIIT Technologies
 
Enhancing Customer Engagement and Experience of Microinsurance in Africa
Enhancing Customer Engagement and Experience of Microinsurance in AfricaEnhancing Customer Engagement and Experience of Microinsurance in Africa
Enhancing Customer Engagement and Experience of Microinsurance in AfricaCGAP
 
Evolution Of Distribution Channels, 22nd Jan 2009
Evolution Of Distribution Channels, 22nd Jan 2009Evolution Of Distribution Channels, 22nd Jan 2009
Evolution Of Distribution Channels, 22nd Jan 2009Nirajjain
 
PERCEPTION AND ACCEPTABILITY OF ELECTRONIC BANKING: A STUDY OF THE CUSTOMERS ...
PERCEPTION AND ACCEPTABILITY OF ELECTRONIC BANKING: A STUDY OF THE CUSTOMERS ...PERCEPTION AND ACCEPTABILITY OF ELECTRONIC BANKING: A STUDY OF THE CUSTOMERS ...
PERCEPTION AND ACCEPTABILITY OF ELECTRONIC BANKING: A STUDY OF THE CUSTOMERS ...chelliah paramasivan
 
The Journey of Bancassurance in Kenya
The Journey of Bancassurance in KenyaThe Journey of Bancassurance in Kenya
The Journey of Bancassurance in KenyaLloydsResearch
 
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI indian consumer demeano...
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI indian consumer demeano...C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI indian consumer demeano...
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI indian consumer demeano...chelliah paramasivan
 

Recommended

Presentation: Distribution Channels for Life Insurance, A Global Perspective
Presentation: Distribution Channels for Life Insurance, A Global PerspectivePresentation: Distribution Channels for Life Insurance, A Global Perspective
Presentation: Distribution Channels for Life Insurance, A Global PerspectiveIntelligo Consulting
 
Alternative Distribution Channels in mInsurance and Need for Value Alignment
Alternative Distribution Channels in mInsurance and Need for Value AlignmentAlternative Distribution Channels in mInsurance and Need for Value Alignment
Alternative Distribution Channels in mInsurance and Need for Value AlignmentMicroSave - Financial Inclusion Consulting
 
Multi Channel Distribution in Insurance - Whitepaper
Multi Channel Distribution in Insurance - WhitepaperMulti Channel Distribution in Insurance - Whitepaper
Multi Channel Distribution in Insurance - WhitepaperNIIT Technologies
 
Enhancing Customer Engagement and Experience of Microinsurance in Africa
Enhancing Customer Engagement and Experience of Microinsurance in AfricaEnhancing Customer Engagement and Experience of Microinsurance in Africa
Enhancing Customer Engagement and Experience of Microinsurance in AfricaCGAP
 
Evolution Of Distribution Channels, 22nd Jan 2009
Evolution Of Distribution Channels, 22nd Jan 2009Evolution Of Distribution Channels, 22nd Jan 2009
Evolution Of Distribution Channels, 22nd Jan 2009Nirajjain
 
PERCEPTION AND ACCEPTABILITY OF ELECTRONIC BANKING: A STUDY OF THE CUSTOMERS ...
PERCEPTION AND ACCEPTABILITY OF ELECTRONIC BANKING: A STUDY OF THE CUSTOMERS ...PERCEPTION AND ACCEPTABILITY OF ELECTRONIC BANKING: A STUDY OF THE CUSTOMERS ...
PERCEPTION AND ACCEPTABILITY OF ELECTRONIC BANKING: A STUDY OF THE CUSTOMERS ...chelliah paramasivan
 
The Journey of Bancassurance in Kenya
The Journey of Bancassurance in KenyaThe Journey of Bancassurance in Kenya
The Journey of Bancassurance in KenyaLloydsResearch
 
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI indian consumer demeano...
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI indian consumer demeano...C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI indian consumer demeano...
C.PARAMASIVAN ,PERIYAR EVR COLLEGE , TIRUCHIRAPPALLI indian consumer demeano...chelliah paramasivan
 
Bancassurance Opportunities and Challenges by Elias Fakhoury
Bancassurance Opportunities and Challenges by Elias FakhouryBancassurance Opportunities and Challenges by Elias Fakhoury
Bancassurance Opportunities and Challenges by Elias FakhouryLloydsResearch
 
Digital Bancassurance Models
Digital Bancassurance ModelsDigital Bancassurance Models
Digital Bancassurance ModelsThe Digital Insurer
 
ALO2016-MV-Insurance
ALO2016-MV-InsuranceALO2016-MV-Insurance
ALO2016-MV-InsuranceLaurent Gibert
 
Variety of Distribution Channels for Insurance
Variety of Distribution Channels for InsuranceVariety of Distribution Channels for Insurance
Variety of Distribution Channels for InsuranceHermith Mana
 
Non credit card installment awareness - survey preview slide share version
Non credit card installment awareness - survey preview slide share versionNon credit card installment awareness - survey preview slide share version
Non credit card installment awareness - survey preview slide share versionFerdinand Zebua
 
Manas and juhi
Manas and juhiManas and juhi
Manas and juhijuhi tiwari
 
Group 22 Insurance Whitepaper
Group 22 Insurance WhitepaperGroup 22 Insurance Whitepaper
Group 22 Insurance WhitepaperLinda Hill
 
Top 10 Payment Trends to Watch in 2013 (Whitepaper)
Top 10 Payment Trends to Watch in 2013 (Whitepaper)Top 10 Payment Trends to Watch in 2013 (Whitepaper)
Top 10 Payment Trends to Watch in 2013 (Whitepaper)NAFCU Services Corporation
 
The Digital Insurer speaks at AIA's inaugral bancassurance seminar
The Digital Insurer speaks at AIA's inaugral bancassurance seminarThe Digital Insurer speaks at AIA's inaugral bancassurance seminar
The Digital Insurer speaks at AIA's inaugral bancassurance seminarThe Digital Insurer
 
Making BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance ConferenceMaking BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance ConferenceAgile Financial Technologies
 
CGAP Brief: The Emerging Global Landscape of Mobile Microinsurance
CGAP Brief: The Emerging Global Landscape of Mobile MicroinsuranceCGAP Brief: The Emerging Global Landscape of Mobile Microinsurance
CGAP Brief: The Emerging Global Landscape of Mobile MicroinsurancePeter Zetterli
 
ANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTORANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTORLakhrajSingh
 
White Paper: Customer Experience And Web Self Service For The Insurance Indus...
White Paper: Customer Experience And Web Self Service For The Insurance Indus...White Paper: Customer Experience And Web Self Service For The Insurance Indus...
White Paper: Customer Experience And Web Self Service For The Insurance Indus...IntelliResponse Systems Inc.
 
Banking & Innovation: How Financial Services Can Embrace the Customer Revolution
Banking & Innovation: How Financial Services Can Embrace the Customer RevolutionBanking & Innovation: How Financial Services Can Embrace the Customer Revolution
Banking & Innovation: How Financial Services Can Embrace the Customer RevolutionComrade
 
2019 Accenture Global Financial Services Consumer Study
2019 Accenture Global Financial Services Consumer Study2019 Accenture Global Financial Services Consumer Study
2019 Accenture Global Financial Services Consumer StudyAccenture Insurance
 
All about e insurance
All about e insuranceAll about e insurance
All about e insuranceRupeeiq Online
 
faisal-presentation on Bancassurance
faisal-presentation on Bancassurancefaisal-presentation on Bancassurance
faisal-presentation on Bancassuranceactuary76
 
USAID-NetHope Mobile Money Bulk Payment Products Report
USAID-NetHope Mobile Money Bulk Payment Products ReportUSAID-NetHope Mobile Money Bulk Payment Products Report
USAID-NetHope Mobile Money Bulk Payment Products ReportNetHope Payment Innovations
 
Balancing Fraud & Customer Experience in a Mobile World
Balancing Fraud & Customer Experience in a Mobile WorldBalancing Fraud & Customer Experience in a Mobile World
Balancing Fraud & Customer Experience in a Mobile WorldComrade
 
The Future of Retail Banking: Customized product offerings and self-service s...
The Future of Retail Banking: Customized product offerings and self-service s...The Future of Retail Banking: Customized product offerings and self-service s...
The Future of Retail Banking: Customized product offerings and self-service s...Zafin
 
Insurance Distribution System
Insurance Distribution SystemInsurance Distribution System
Insurance Distribution SystemTICS
 
Life insurance Distribution Channel
Life insurance Distribution ChannelLife insurance Distribution Channel
Life insurance Distribution ChannelShankha Patsa
 

More Related Content

What's hot

Bancassurance Opportunities and Challenges by Elias Fakhoury
Bancassurance Opportunities and Challenges by Elias FakhouryBancassurance Opportunities and Challenges by Elias Fakhoury
Bancassurance Opportunities and Challenges by Elias FakhouryLloydsResearch
 
Variety of Distribution Channels for Insurance
Variety of Distribution Channels for InsuranceVariety of Distribution Channels for Insurance
Variety of Distribution Channels for InsuranceHermith Mana
 
Non credit card installment awareness - survey preview slide share version
Non credit card installment awareness - survey preview slide share versionNon credit card installment awareness - survey preview slide share version
Non credit card installment awareness - survey preview slide share versionFerdinand Zebua
 
Group 22 Insurance Whitepaper
Group 22 Insurance WhitepaperGroup 22 Insurance Whitepaper
Group 22 Insurance WhitepaperLinda Hill
 
Top 10 Payment Trends to Watch in 2013 (Whitepaper)
Top 10 Payment Trends to Watch in 2013 (Whitepaper)Top 10 Payment Trends to Watch in 2013 (Whitepaper)
Top 10 Payment Trends to Watch in 2013 (Whitepaper)NAFCU Services Corporation
 
The Digital Insurer speaks at AIA's inaugral bancassurance seminar
The Digital Insurer speaks at AIA's inaugral bancassurance seminarThe Digital Insurer speaks at AIA's inaugral bancassurance seminar
The Digital Insurer speaks at AIA's inaugral bancassurance seminarThe Digital Insurer
 
Making BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance ConferenceMaking BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance ConferenceAgile Financial Technologies
 
CGAP Brief: The Emerging Global Landscape of Mobile Microinsurance
CGAP Brief: The Emerging Global Landscape of Mobile MicroinsuranceCGAP Brief: The Emerging Global Landscape of Mobile Microinsurance
CGAP Brief: The Emerging Global Landscape of Mobile MicroinsurancePeter Zetterli
 
ANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTORANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTORLakhrajSingh
 
White Paper: Customer Experience And Web Self Service For The Insurance Indus...
White Paper: Customer Experience And Web Self Service For The Insurance Indus...White Paper: Customer Experience And Web Self Service For The Insurance Indus...
White Paper: Customer Experience And Web Self Service For The Insurance Indus...IntelliResponse Systems Inc.
 
Banking & Innovation: How Financial Services Can Embrace the Customer Revolution
Banking & Innovation: How Financial Services Can Embrace the Customer RevolutionBanking & Innovation: How Financial Services Can Embrace the Customer Revolution
Banking & Innovation: How Financial Services Can Embrace the Customer RevolutionComrade
 
2019 Accenture Global Financial Services Consumer Study
2019 Accenture Global Financial Services Consumer Study2019 Accenture Global Financial Services Consumer Study
2019 Accenture Global Financial Services Consumer StudyAccenture Insurance
 
faisal-presentation on Bancassurance
faisal-presentation on Bancassurancefaisal-presentation on Bancassurance
faisal-presentation on Bancassuranceactuary76
 
USAID-NetHope Mobile Money Bulk Payment Products Report
USAID-NetHope Mobile Money Bulk Payment Products ReportUSAID-NetHope Mobile Money Bulk Payment Products Report
USAID-NetHope Mobile Money Bulk Payment Products ReportNetHope Payment Innovations
 
Balancing Fraud & Customer Experience in a Mobile World
Balancing Fraud & Customer Experience in a Mobile WorldBalancing Fraud & Customer Experience in a Mobile World
Balancing Fraud & Customer Experience in a Mobile WorldComrade
 
The Future of Retail Banking: Customized product offerings and self-service s...
The Future of Retail Banking: Customized product offerings and self-service s...The Future of Retail Banking: Customized product offerings and self-service s...
The Future of Retail Banking: Customized product offerings and self-service s...Zafin
 

What's hot (20)

Bancassurance Opportunities and Challenges by Elias Fakhoury
Bancassurance Opportunities and Challenges by Elias FakhouryBancassurance Opportunities and Challenges by Elias Fakhoury
Bancassurance Opportunities and Challenges by Elias Fakhoury
 
Digital Bancassurance Models
Digital Bancassurance ModelsDigital Bancassurance Models
Digital Bancassurance Models
 
ALO2016-MV-Insurance
ALO2016-MV-InsuranceALO2016-MV-Insurance
ALO2016-MV-Insurance
 
Variety of Distribution Channels for Insurance
Variety of Distribution Channels for InsuranceVariety of Distribution Channels for Insurance
Variety of Distribution Channels for Insurance
 
Non credit card installment awareness - survey preview slide share version
Non credit card installment awareness - survey preview slide share versionNon credit card installment awareness - survey preview slide share version
Non credit card installment awareness - survey preview slide share version
 
Manas and juhi
Manas and juhiManas and juhi
Manas and juhi
 
Group 22 Insurance Whitepaper
Group 22 Insurance WhitepaperGroup 22 Insurance Whitepaper
Group 22 Insurance Whitepaper
 
Top 10 Payment Trends to Watch in 2013 (Whitepaper)
Top 10 Payment Trends to Watch in 2013 (Whitepaper)Top 10 Payment Trends to Watch in 2013 (Whitepaper)
Top 10 Payment Trends to Watch in 2013 (Whitepaper)
 
The Digital Insurer speaks at AIA's inaugral bancassurance seminar
The Digital Insurer speaks at AIA's inaugral bancassurance seminarThe Digital Insurer speaks at AIA's inaugral bancassurance seminar
The Digital Insurer speaks at AIA's inaugral bancassurance seminar
 
Making BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance ConferenceMaking BancAssurance Agile - 4th Annual BancAssurance Conference
Making BancAssurance Agile - 4th Annual BancAssurance Conference
 
CGAP Brief: The Emerging Global Landscape of Mobile Microinsurance
CGAP Brief: The Emerging Global Landscape of Mobile MicroinsuranceCGAP Brief: The Emerging Global Landscape of Mobile Microinsurance
CGAP Brief: The Emerging Global Landscape of Mobile Microinsurance
 
ANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTORANALYSIS OF BFSI SECTOR
ANALYSIS OF BFSI SECTOR
 
White Paper: Customer Experience And Web Self Service For The Insurance Indus...
White Paper: Customer Experience And Web Self Service For The Insurance Indus...White Paper: Customer Experience And Web Self Service For The Insurance Indus...
White Paper: Customer Experience And Web Self Service For The Insurance Indus...
 
Banking & Innovation: How Financial Services Can Embrace the Customer Revolution
Banking & Innovation: How Financial Services Can Embrace the Customer RevolutionBanking & Innovation: How Financial Services Can Embrace the Customer Revolution
Banking & Innovation: How Financial Services Can Embrace the Customer Revolution
 
2019 Accenture Global Financial Services Consumer Study
2019 Accenture Global Financial Services Consumer Study2019 Accenture Global Financial Services Consumer Study
2019 Accenture Global Financial Services Consumer Study
 
All about e insurance
All about e insuranceAll about e insurance
All about e insurance
 
faisal-presentation on Bancassurance
faisal-presentation on Bancassurancefaisal-presentation on Bancassurance
faisal-presentation on Bancassurance
 
USAID-NetHope Mobile Money Bulk Payment Products Report
USAID-NetHope Mobile Money Bulk Payment Products ReportUSAID-NetHope Mobile Money Bulk Payment Products Report
USAID-NetHope Mobile Money Bulk Payment Products Report
 
Balancing Fraud & Customer Experience in a Mobile World
Balancing Fraud & Customer Experience in a Mobile WorldBalancing Fraud & Customer Experience in a Mobile World
Balancing Fraud & Customer Experience in a Mobile World
 
The Future of Retail Banking: Customized product offerings and self-service s...
The Future of Retail Banking: Customized product offerings and self-service s...The Future of Retail Banking: Customized product offerings and self-service s...
The Future of Retail Banking: Customized product offerings and self-service s...
 

Viewers also liked

Insurance Distribution System
Insurance Distribution SystemInsurance Distribution System
Insurance Distribution SystemTICS
 
Life insurance Distribution Channel
Life insurance Distribution ChannelLife insurance Distribution Channel
Life insurance Distribution ChannelShankha Patsa
 
Distribution Channel Portal Best Practices in Insurance Companies
Distribution Channel Portal Best Practices in Insurance CompaniesDistribution Channel Portal Best Practices in Insurance Companies
Distribution Channel Portal Best Practices in Insurance Companiesedynamic
 
The future of insurance distribution: New models for a digital customer
The future of insurance distribution: New models for a digital customerThe future of insurance distribution: New models for a digital customer
The future of insurance distribution: New models for a digital customerAccenture Insurance
 
Accenture Distribution and Agency Management Survey: Reimagining insurance di...
Accenture Distribution and Agency Management Survey: Reimagining insurance di...Accenture Distribution and Agency Management Survey: Reimagining insurance di...
Accenture Distribution and Agency Management Survey: Reimagining insurance di...Accenture Insurance
 
Insurance in india
Insurance in india Insurance in india
Insurance in india sahnip
 
Mobile insurance are you well positioned for this emerging channel
Mobile insurance are you well positioned for this emerging channelMobile insurance are you well positioned for this emerging channel
Mobile insurance are you well positioned for this emerging channelRick Bouter
 
Distribution channel
Distribution channelDistribution channel
Distribution channelAbhay Kumar
 
Distribution channel in insurance
Distribution channel in insuranceDistribution channel in insurance
Distribution channel in insuranceRidwan Ichsan
 
Channel Conflict: Historical Perceptions and Management Implications
Channel Conflict: Historical Perceptions and Management ImplicationsChannel Conflict: Historical Perceptions and Management Implications
Channel Conflict: Historical Perceptions and Management ImplicationsZach Evans
 
What decisions do companies face in managing their channels
What decisions do companies face in managing their channelsWhat decisions do companies face in managing their channels
What decisions do companies face in managing their channelsSameer Mathur
 
20140716 presentation all channel experience insurance slideshare v1.0
20140716 presentation all channel experience insurance slideshare v1.020140716 presentation all channel experience insurance slideshare v1.0
20140716 presentation all channel experience insurance slideshare v1.0Pascal Spelier
 
How should companies integrate channels and mange channel conflict
How should companies integrate channels and mange channel conflictHow should companies integrate channels and mange channel conflict
How should companies integrate channels and mange channel conflictSameer Mathur
 
Successful online insurance – superb customer satisfaction with the help of g...
Successful online insurance – superb customer satisfaction with the help of g...Successful online insurance – superb customer satisfaction with the help of g...
Successful online insurance – superb customer satisfaction with the help of g...Human Interface Group
 

Viewers also liked (19)

Insurance Distribution System
Insurance Distribution SystemInsurance Distribution System
Insurance Distribution System
 
Life insurance Distribution Channel
Life insurance Distribution ChannelLife insurance Distribution Channel
Life insurance Distribution Channel
 
Distribution Channel Portal Best Practices in Insurance Companies
Distribution Channel Portal Best Practices in Insurance CompaniesDistribution Channel Portal Best Practices in Insurance Companies
Distribution Channel Portal Best Practices in Insurance Companies
 
The future of insurance distribution: New models for a digital customer
The future of insurance distribution: New models for a digital customerThe future of insurance distribution: New models for a digital customer
The future of insurance distribution: New models for a digital customer
 
Slides udm-010910
Slides udm-010910Slides udm-010910
Slides udm-010910
 
Accenture Distribution and Agency Management Survey: Reimagining insurance di...
Accenture Distribution and Agency Management Survey: Reimagining insurance di...Accenture Distribution and Agency Management Survey: Reimagining insurance di...
Accenture Distribution and Agency Management Survey: Reimagining insurance di...
 
Insurance in india
Insurance in india Insurance in india
Insurance in india
 
New Distribution Model
New Distribution ModelNew Distribution Model
New Distribution Model
 
Mobile insurance are you well positioned for this emerging channel
Mobile insurance are you well positioned for this emerging channelMobile insurance are you well positioned for this emerging channel
Mobile insurance are you well positioned for this emerging channel
 
Insurance Ppt New2
Insurance Ppt New2Insurance Ppt New2
Insurance Ppt New2
 
Channel Conflict Matrix
Channel Conflict MatrixChannel Conflict Matrix
Channel Conflict Matrix
 
Distribution channel
Distribution channelDistribution channel
Distribution channel
 
Distribution channel in insurance
Distribution channel in insuranceDistribution channel in insurance
Distribution channel in insurance
 
Channel Conflict: Historical Perceptions and Management Implications
Channel Conflict: Historical Perceptions and Management ImplicationsChannel Conflict: Historical Perceptions and Management Implications
Channel Conflict: Historical Perceptions and Management Implications
 
India : Insurance Sector Report_August 2013
India : Insurance Sector Report_August 2013India : Insurance Sector Report_August 2013
India : Insurance Sector Report_August 2013
 
What decisions do companies face in managing their channels
What decisions do companies face in managing their channelsWhat decisions do companies face in managing their channels
What decisions do companies face in managing their channels
 
20140716 presentation all channel experience insurance slideshare v1.0
20140716 presentation all channel experience insurance slideshare v1.020140716 presentation all channel experience insurance slideshare v1.0
20140716 presentation all channel experience insurance slideshare v1.0
 
How should companies integrate channels and mange channel conflict
How should companies integrate channels and mange channel conflictHow should companies integrate channels and mange channel conflict
How should companies integrate channels and mange channel conflict
 
Successful online insurance – superb customer satisfaction with the help of g...
Successful online insurance – superb customer satisfaction with the help of g...Successful online insurance – superb customer satisfaction with the help of g...
Successful online insurance – superb customer satisfaction with the help of g...
 

Similar to Insurance Distribution Conference, 17th Jan 2008

81 emergence and growth of online life insurance in india
81 emergence and growth of online life insurance in india81 emergence and growth of online life insurance in india
81 emergence and growth of online life insurance in indiachelliah paramasivan
 
E insurance and its benefit
E insurance and its benefitE insurance and its benefit
E insurance and its benefitAnand Gaire
 
Global Insurance industry insights - Digitant
Global Insurance industry insights - DigitantGlobal Insurance industry insights - Digitant
Global Insurance industry insights - DigitantDigitant
 
Virtual - Digital credit card ecosystem for India
Virtual - Digital credit card ecosystem for IndiaVirtual - Digital credit card ecosystem for India
Virtual - Digital credit card ecosystem for IndiaSriram Natarajan
 
Webchutney Digital Automotive Report 2010
Webchutney Digital Automotive Report 2010Webchutney Digital Automotive Report 2010
Webchutney Digital Automotive Report 2010Sidharth Rao
 
The On Demand/Instant Insurance Proposition - Webinar Deck
The On Demand/Instant Insurance Proposition - Webinar DeckThe On Demand/Instant Insurance Proposition - Webinar Deck
The On Demand/Instant Insurance Proposition - Webinar DeckThe Digital Insurer
 
Bipul customer perception-towards-internet-banking
Bipul customer perception-towards-internet-bankingBipul customer perception-towards-internet-banking
Bipul customer perception-towards-internet-bankingBipul Kumar
 
The Online Insurance Imperative: Driving Growth by Expanding Your Online Pres...
The Online Insurance Imperative: Driving Growth by Expanding Your Online Pres...The Online Insurance Imperative: Driving Growth by Expanding Your Online Pres...
The Online Insurance Imperative: Driving Growth by Expanding Your Online Pres...David S. Lipien, PMP, MCP
 
Marketing online shopping - consumer’s perception on online shopping
Marketing online shopping - consumer’s perception on online shoppingMarketing online shopping - consumer’s perception on online shopping
Marketing online shopping - consumer’s perception on online shoppingRadhe Jha
 
E-commerce Market in India - Sector Flash
E-commerce Market in India - Sector FlashE-commerce Market in India - Sector Flash
E-commerce Market in India - Sector Flashsnehasharma265
 
Top 5 digital trends of 2016
Top 5 digital trends of 2016Top 5 digital trends of 2016
Top 5 digital trends of 2016Anderson Ortolane
 
The First Word: Deconstructing the Digital Consumer
The First Word: Deconstructing the Digital ConsumerThe First Word: Deconstructing the Digital Consumer
The First Word: Deconstructing the Digital ConsumerCognizant
 
Go digital or die. Are Middle East insurers ready?
Go digital or die. Are Middle East insurers ready?Go digital or die. Are Middle East insurers ready?
Go digital or die. Are Middle East insurers ready?Olivier Bauchart
 
The Connected Beauty Consumer Report by Google, WPP, & Kantar
The Connected Beauty Consumer Report by Google, WPP, & KantarThe Connected Beauty Consumer Report by Google, WPP, & Kantar
The Connected Beauty Consumer Report by Google, WPP, & KantarSocial Samosa
 
Fintech in Insurance: A focus on Roboadvice
Fintech in Insurance: A focus on RoboadviceFintech in Insurance: A focus on Roboadvice
Fintech in Insurance: A focus on RoboadviceMatthew Buckland
 
4IR and Digital Transformation Opportunities and Strategies to achieve goal
4IR and Digital Transformation Opportunities and Strategies to achieve goal4IR and Digital Transformation Opportunities and Strategies to achieve goal
4IR and Digital Transformation Opportunities and Strategies to achieve goalSyed Shoeb
 

Similar to Insurance Distribution Conference, 17th Jan 2008 (20)

81 emergence and growth of online life insurance in india
81 emergence and growth of online life insurance in india81 emergence and growth of online life insurance in india
81 emergence and growth of online life insurance in india
 
E insurance and its benefit
E insurance and its benefitE insurance and its benefit
E insurance and its benefit
 
E commerce Ecosystem
E commerce EcosystemE commerce Ecosystem
E commerce Ecosystem
 
Global Insurance industry insights - Digitant
Global Insurance industry insights - DigitantGlobal Insurance industry insights - Digitant
Global Insurance industry insights - Digitant
 
Virtual - Digital credit card ecosystem for India
Virtual - Digital credit card ecosystem for IndiaVirtual - Digital credit card ecosystem for India
Virtual - Digital credit card ecosystem for India
 
A dissertation report
A dissertation reportA dissertation report
A dissertation report
 
Webchutney Digital Automotive Report 2010
Webchutney Digital Automotive Report 2010Webchutney Digital Automotive Report 2010
Webchutney Digital Automotive Report 2010
 
10120140502013
1012014050201310120140502013
10120140502013
 
10120140502013
1012014050201310120140502013
10120140502013
 
The On Demand/Instant Insurance Proposition - Webinar Deck
The On Demand/Instant Insurance Proposition - Webinar DeckThe On Demand/Instant Insurance Proposition - Webinar Deck
The On Demand/Instant Insurance Proposition - Webinar Deck
 
Bipul customer perception-towards-internet-banking
Bipul customer perception-towards-internet-bankingBipul customer perception-towards-internet-banking
Bipul customer perception-towards-internet-banking
 
The Online Insurance Imperative: Driving Growth by Expanding Your Online Pres...
The Online Insurance Imperative: Driving Growth by Expanding Your Online Pres...The Online Insurance Imperative: Driving Growth by Expanding Your Online Pres...
The Online Insurance Imperative: Driving Growth by Expanding Your Online Pres...
 
Marketing online shopping - consumer’s perception on online shopping
Marketing online shopping - consumer’s perception on online shoppingMarketing online shopping - consumer’s perception on online shopping
Marketing online shopping - consumer’s perception on online shopping
 
E-commerce Market in India - Sector Flash
E-commerce Market in India - Sector FlashE-commerce Market in India - Sector Flash
E-commerce Market in India - Sector Flash
 
Top 5 digital trends of 2016
Top 5 digital trends of 2016Top 5 digital trends of 2016
Top 5 digital trends of 2016
 
The First Word: Deconstructing the Digital Consumer
The First Word: Deconstructing the Digital ConsumerThe First Word: Deconstructing the Digital Consumer
The First Word: Deconstructing the Digital Consumer
 
Go digital or die. Are Middle East insurers ready?
Go digital or die. Are Middle East insurers ready?Go digital or die. Are Middle East insurers ready?
Go digital or die. Are Middle East insurers ready?
 
The Connected Beauty Consumer Report by Google, WPP, & Kantar
The Connected Beauty Consumer Report by Google, WPP, & KantarThe Connected Beauty Consumer Report by Google, WPP, & Kantar
The Connected Beauty Consumer Report by Google, WPP, & Kantar
 
Fintech in Insurance: A focus on Roboadvice
Fintech in Insurance: A focus on RoboadviceFintech in Insurance: A focus on Roboadvice
Fintech in Insurance: A focus on Roboadvice
 
4IR and Digital Transformation Opportunities and Strategies to achieve goal
4IR and Digital Transformation Opportunities and Strategies to achieve goal4IR and Digital Transformation Opportunities and Strategies to achieve goal
4IR and Digital Transformation Opportunities and Strategies to achieve goal
 

Recently uploaded

Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...apidays
 
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, AdobeApidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobeapidays
 
Cyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdfCyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdfOverkill Security
 
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Victor Rentea
 
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWEREMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWERMadyBayot
 
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Angeliki Cooney
 
Spring Boot vs Quarkus the ultimate battle - DevoxxUK
Spring Boot vs Quarkus the ultimate battle - DevoxxUKSpring Boot vs Quarkus the ultimate battle - DevoxxUK
Spring Boot vs Quarkus the ultimate battle - DevoxxUKJago de Vreede
 
Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024The Digital Insurer
 
AXA XL - Insurer Innovation Award Americas 2024
AXA XL - Insurer Innovation Award Americas 2024AXA XL - Insurer Innovation Award Americas 2024
AXA XL - Insurer Innovation Award Americas 2024The Digital Insurer
 
CNIC Information System with Pakdata Cf In Pakistan
CNIC Information System with Pakdata Cf In PakistanCNIC Information System with Pakdata Cf In Pakistan
CNIC Information System with Pakdata Cf In Pakistandanishmna97
 
DBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor PresentationDBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor PresentationDropbox
 
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesrafiqahmad00786416
 
Strategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherStrategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherRemote DBA Services
 
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...Zilliz
 
Architecting Cloud Native Applications
Architecting Cloud Native ApplicationsArchitecting Cloud Native Applications
Architecting Cloud Native ApplicationsWSO2
 
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FME
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FMECloud Frontiers: A Deep Dive into Serverless Spatial Data and FME
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FMESafe Software
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAndrey Devyatkin
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processorsdebabhi2
 
Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...
Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...
Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...Orbitshub
 

Recently uploaded (20)

Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
Apidays New York 2024 - Passkeys: Developing APIs to enable passwordless auth...
 
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, AdobeApidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
Apidays New York 2024 - Scaling API-first by Ian Reasor and Radu Cotescu, Adobe
 
Cyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdfCyberprint. Dark Pink Apt Group [EN].pdf
Cyberprint. Dark Pink Apt Group [EN].pdf
 
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
Modular Monolith - a Practical Alternative to Microservices @ Devoxx UK 2024
 
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWEREMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
EMPOWERMENT TECHNOLOGY GRADE 11 QUARTER 2 REVIEWER
 
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
Biography Of Angeliki Cooney | Senior Vice President Life Sciences | Albany, ...
 
Spring Boot vs Quarkus the ultimate battle - DevoxxUK
Spring Boot vs Quarkus the ultimate battle - DevoxxUKSpring Boot vs Quarkus the ultimate battle - DevoxxUK
Spring Boot vs Quarkus the ultimate battle - DevoxxUK
 
Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024Manulife - Insurer Transformation Award 2024
Manulife - Insurer Transformation Award 2024
 
AXA XL - Insurer Innovation Award Americas 2024
AXA XL - Insurer Innovation Award Americas 2024AXA XL - Insurer Innovation Award Americas 2024
AXA XL - Insurer Innovation Award Americas 2024
 
CNIC Information System with Pakdata Cf In Pakistan
CNIC Information System with Pakdata Cf In PakistanCNIC Information System with Pakdata Cf In Pakistan
CNIC Information System with Pakdata Cf In Pakistan
 
DBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor PresentationDBX First Quarter 2024 Investor Presentation
DBX First Quarter 2024 Investor Presentation
 
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data DiscoveryTrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
TrustArc Webinar - Unlock the Power of AI-Driven Data Discovery
 
ICT role in 21st century education and its challenges
ICT role in 21st century education and its challengesICT role in 21st century education and its challenges
ICT role in 21st century education and its challenges
 
Strategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a FresherStrategies for Landing an Oracle DBA Job as a Fresher
Strategies for Landing an Oracle DBA Job as a Fresher
 
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
Emergent Methods: Multi-lingual narrative tracking in the news - real-time ex...
 
Architecting Cloud Native Applications
Architecting Cloud Native ApplicationsArchitecting Cloud Native Applications
Architecting Cloud Native Applications
 
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FME
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FMECloud Frontiers: A Deep Dive into Serverless Spatial Data and FME
Cloud Frontiers: A Deep Dive into Serverless Spatial Data and FME
 
AWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of TerraformAWS Community Day CPH - Three problems of Terraform
AWS Community Day CPH - Three problems of Terraform
 
Exploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone ProcessorsExploring the Future Potential of AI-Enabled Smartphone Processors
Exploring the Future Potential of AI-Enabled Smartphone Processors
 
Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...
Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...
Navigating the Deluge_ Dubai Floods and the Resilience of Dubai International...
 

Insurance Distribution Conference, 17th Jan 2008

  • 1. Online Insurance – An emerging distribution Channel Mahavir Chopra www.InsuranceMall.in Mumbai, 17 th January 2007
  • 2. Agenda 2. Macro Online Industry in India 3. Global Online Insurance Industry 4. Changing Trends in India. 5. Online Insurance in India, now 6. Online Insurance in India, tomorrow 1. Introduction
  • 3. Objective The Objective of this presentation is “ to collectively discuss the emergence of a multi-layered online Insurance distribution industry in India and its benefits”
  • 4.
  • 5. Times are changing Convenience is primary for the consumer today. The consumer is adopting time-saving intelligent media, in every need and want.
  • 6.
  • 7.
  • 8. Growth of Internet Users Exponential Growth in the no. of users Source: IOAI and Juxt Consult Online Reports
  • 9. Growth of Ecommerce eCommerce growing at more than 100% for the last 3 years Rs. Cr. Source: IOAI and Juxt Consult Online Reports
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.