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Arthur D. Little

Arthur D. Little has been at the forefront of innovation since 1886. We are an acknowledged thought leader in linking strategy, innovation and transformation in technology-intensive and converging industries. We enable our clients to build innovation capabilities and transform their organizations. ADL is present in the most important business centers around the world. We are proud to serve most of the Fortune 1000 companies, in addition to other leading firms and public sector organizations. For further information, please visit www.adlittle.com

FINNOVATING

Finnovating is a Matching as a service platform that enables X-Techs from all around the word to connect , collaborate and get the funding they need to grow from investors and corporations globally. The Finnovating platform is a space were the key players of the Tech industry can connect together easily and boost global Tech innovations.

SØNR

Sønr is the world’s most comprehensive source of innovation intelligence. It is a subscription platform used by some of the best known insurance companies globally.

It tracks millions of companies around the world and provides insight on the latest market trends, the startups and scaleups reshaping the industry, and intelligence on how other big insurers are innovating.

Sønr includes a suite of tools designed for teams to better collaborate and connect. From recording meetings to capturing and sharing Notes, to being able to track and share activity across the company using Watchlists and CRM boards.

The platform is backed up by a team of consultants, researchers and analysts who support clients in discovering and creating new business opportunities.

India Life Insurance 2.0 – New Rules New Game – McKinsey

Article Synopsis :

A report by McKinsey on Indian Life Insurance Industry (“India Life Insurance 2.0 New rules, new game”) in 2011 provides perspectives in the context of the market landscape in order to enable insurance players to make the right strategic start. According to McKinsey there are three major discontinuities and five fundamental questions that insurers in India will need to address in the digital transformation process.

Discontinuities that will shape the market landscape

Indian Insurance to Rebound Using Digital Thinking?

1. Continued regulatory changes
2. Shifts in consumer behaviour
3. Disruptions by changing technology

Fundamental questions for insurers

1. Is the agency channel a lost cause or a real opportunity to energise and rejuvenate?
2. What will it take for insurers to create a true win-win approach for Bancassurance?
3. Can insurers drive breakthrough innovations across the business system?
4. How should insurers think about their geographic footprint and business model in the new paradigm?
5. How can insurers capture value from their existing franchise?

Digital Insurer's Comments

Growth opportunities in India are good and the life insurance industry has been growing rapidly. Surprisingly insurers have struggled to build professional agency channels.

The Digital Insurer believes digital thinking can and will transform agency in India over the next 5 years and that tablet point of sales toolkits will be a pivotal technology in that transition. See these articles:

The Digital Advisor
Report on tablet toolkits
Big Bang Digital Disruption: Is the Insurance industry in Asia next?


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