Abstract
The insurance industry appears to be lagging in the rapid evolution of financial services and e-commerce. However, insurers are still hesitant to approve policies online and are adding these services slowly to their sites for product development. This paper discusses some of the fundamental issues surrounding the use of alternative Internet business models in insurance, benefits, barriers as well as the success factors. An Extensive experience within the insurance industry and ability to deliver cost effective e-commerce solutions which suit our needs, are involved in making the Insurance Products suitable for E-commerce. Above all a Bird's eye description can help us in competing in the increasingly competitive insurance sector.
Recommended Citation
Alam, Aftab; Salim, Mairaj; and Shah, Hassan
(2009)
"E-Commerce Revolution in the Insurance Industry Product Development,"
Management Dynamics: Vol. 9:
No.
2, Article 3: 25-39
DOI: https://doi.org/10.57198/2583-4932.1165
Available at:
https://managementdynamics.researchcommons.org/journal/vol9/iss2/3
