The document discusses a student project on digitalization in the insurance industry. The objectives were to understand how insurance products are digitalized, the types of products offered, customer prospecting, and market research. To achieve this, the student attended workshops, analyzed products and targeted customers, and compared other companies. Recommendations included identifying customers for products and building relationships to convey product sales pitches. Key learnings were about emerging digitalization trends, new insurtech companies, market preferences for digital products, and how insurtech companies operate.
The document discusses a student project on digitalization in the insurance industry. The objectives were to understand how insurance products are digitalized, the types of products offered, customer prospecting, and market research. To achieve this, the student attended workshops, analyzed products and targeted customers, and compared other companies. Recommendations included identifying customers for products and building relationships to convey product sales pitches. Key learnings were about emerging digitalization trends, new insurtech companies, market preferences for digital products, and how insurtech companies operate.
The document discusses a student project on digitalization in the insurance industry. The objectives were to understand how insurance products are digitalized, the types of products offered, customer prospecting, and market research. To achieve this, the student attended workshops, analyzed products and targeted customers, and compared other companies. Recommendations included identifying customers for products and building relationships to convey product sales pitches. Key learnings were about emerging digitalization trends, new insurtech companies, market preferences for digital products, and how insurtech companies operate.
Industry Guide: Miss Archi Jain Faculty Guide: Mr. Jay Bhatt Problem Definition To study- Current Trends in Insurance Industry. Transformation happening in Traditional Insurance. Digital Solutions offered by Insurance Companies. Objectives of the Project
▰ To understand how digitalization of
Insurance Products is done. ▰ To understand types of Insurance Products a company offers. ▰ To learn how to suspecting and prospecting customers. ▰ To do Market Research and to know market of Insurance Products. Process followed to meet Objectives. Attended workshop on How the Company is offering Digital Solutions. Analyzed the Products offered by Company. Analyzed and targeted suspecting customers for appropriate products. Analyzed and compared the companies offering similar products. Results or Recommendations to the Company
List of Customers who could buy the product
was made. Build relations with suspecting customers. Products were conveyed to Suspecting customers. Sales pitch was made for suspecting 5 customers. Learnings
Digitalization of Insurance is an emerging trend in an Insurance
Industry. Many new Companies are entering the Insurtech sector. Tend of Market toward Digital Insurance Products. Findings about how Market is reacting to Insurtech products. How Insurtech companies work. THANKYOU!