target audience: TECH BUYER Publication date: Jun 2024 - Document type: IDC Perspective - Doc Document number: # AP51589224
Technological Innovations Driving Embedded Insurance Across Asia/Pacific
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Abstract
This IDC Perspective on embedded insurance adoption in the Asia/Pacific region provides valuable insights into the sector's rapid growth and transformative impact. Driven by technological advancements embedded insurance is revolutionizing traditional models, making products more accessible, efficient, and personalized. By 2024, it will reduce operational costs in property and casualty (P&C) insurance by 25%, streamlining policy management and claims processing.
The report highlights real-world case studies that demonstrate the practical applications and benefits of embedded insurance across the automotive, travel, and pet care sectors. These case studies illustrate the convenience and comprehensive coverage provided by embedded insurance, emphasizing its potential in redefining the industry and enhancing customer experiences.
The report also provides strategic recommendations for technology buyers and suppliers, highlighting the importance of scalable and integrative platforms, customer-centric technologies, and strategic partnerships. By leveraging these insights, stakeholders can capitalize on the opportunities presented by embedded insurance and drive growth and innovation in today’s digital economy.