|
|
Creating Competitive Advantage for Insurers with Spatial InformationPublished by: IDC Published: Dec. 18, 2008 - 16 Pages Table of ContentsTable of Contents Financial Insights Opinion In This Report Situation Overview Essence of Competitive Advantage Framework for Competitive Advantage Figure: Three Key Insurable Domains and Major Exposures Figure: Total Value of Insured Coastal Exposure by State, 2004 and 2007 Table: Estimated Number of Motor Vehicle Crashes, 2000, 2003, and 2006 Table: Accidents by Age of Driver, 2005 Table: Driving Behaviors Reported for Drivers and Motorcycle Operators Involved in Fatal Crashes, 2006 Future Outlook Spatially Driven Opportunities Essential Guidance Actions for Insurance Companies Importance of Spatial Information for Insurers Taking Steps Toward Competitive Advantage Actions for Vendors Learn More Related Research Appendix A: A Place for Everything Appendix B: Finding the Location of Loss Events Synopsis AbstractThis Financial Insights report proposes that insurers use spatial information as a key enabler of building and maintaining a strong competitive position. Barry Rabkin, senior research analyst, Insurance Advisory Service, states, "Competitive advantage is hard to find and harder yet to keep. For the insurance industry, which is 400+ years old, competitive advantage has proven to be a very rare capability. However, leading insurance companies will use spatial technology to determine the where and when of potential and actual loss events and the impact of those loss events on people, places, and physical artifacts to create a stronger competitive position in their markets of choice. The stronger insurers will be the ones using spatial technology to establish target markets, dynamically identify risk accumulation at points of inspection or underwriting, and provide spatially customized service to claimants, policyholders, and producers." Get Full Details About This Report >> |
|
|||
|
About MarketResearch.com
|
||||