MarketResearchReports.com: Operational Efficiency in Non Life Claims, New Report Launched

Globally, non-life insurance companies have been registering increasing payouts on account of claims. To deal with this situation, non-life insurers have been taking measures to make their claims management processes more efficient to reduce claim payouts and to curb claims-handling expenses. Non-life insurers are employing advanced technologies to improve their claims management processes. One of these technologies is integrated claims management systems (ICMSs).

Non-life insurers have been implementing ICMSs to ensure that they can keep in contact with customers through the customers’ preferred devices. ICMS are also being employed to gain a clearer view of claims data, which will help in identifying fraudulent activity. Non-life insurers have also been using predictive analytics to determine specific choices at the time of claims processing and to determine the long-term business potential of customers so that they can be provided with a better claims service. For more information visit: 2020 Foresight Report: Operational Efficiency in Non-Life Claims

The report provides information and insights into the key technologies driving operational efficiencies in claims handling processes in the non-life insurance segment across the world. It also provides an in-depth analysis of the role that some of the key regulations across the world are playing in improving claims management operations. The report provides:-

  • Intensive analysis of the key technologies playing a pivotal role in enhancing the operational efficiencies in non-life claims in terms of reducing claims resolution time, claims handling expenses and increased identification of fraud
  • Comprehensive picture of the key trends, drivers and challenges related to the above technological trends and case studies illustrating the impact of these technologies
  • Detailed assessment of how some of the important regulations across the world are impacting claims processing efficiencies
  • Insights into how changing economic fortunes impact non-life claims

Scope

  • It details the claims ratios registered by some of the important non-life insurance segments across the world.
  • It analyses the role being played by some of the important regulations across the world in improving non-life claim processing efficiencies.
  • It analyses the impact that economic downturns can have on non-life insurance claims.

Reasons To Buy

  • Gain insights into the latest technologies that are being adopted by non-life insurers to improve efficiencies in claims management.
  • Be informed of the performance of key non-life insurance markets across the world in terms of their claims ratios.
  • Comprehend how some of the key regulations across the world have been influencing non-life insurers to improve their claims management efficiencies.
  • Understand how economic downturns can lead to an increase in non-life insurance claims .

Key Highlights

  • Integrated claims management systems, predictive analytics, mobile devices, claims document and content management systems, straight-through processing and telematics are the important technologies being employed by non-life insurers to improve operational efficiencies in handling claims.
  • The above technologies are mainly helping non-life insurers to reduce the claims resolution time, the expenses related to claims processing and payouts on account of fraudulent claims.
  • The US’s Patient Protection and Affordable Care Act (PPACA) has been making non-life insurers improve their claims management efficiencies by increasing the competition through establishment of health insurance exchanges and by restricting the proportion of premiums that can be spent on, among others, claims handling expenses.
  • Solvency II is being instrumental in the improvement of claims management efficiencies of non-life insurance companies by linking capital adequacy to, among others, claims-related risks.
  • The claims ratios of several key non-life insurance markets are increasingly being adversely impacted due to the occurrence of natural catastrophes.
  • At the times of economic downturns, there is an increase in payouts on account of fraudulent claims in the non-life insurance segment, especially in developed countries.

Spanning over 50 pages, 2 tables and 11 figures, “2020 Foresight Report: Operational Efficiency in Non-Life Claims” report provides a detailed analysis of some of the key technologies that are being adopted to improve operational efficiencies in the processing of non-life insurance claims. Find all Banking and Finance Market Research Reports under a single page.

In addition to covering the Global Snapshot, Functional and Operational Impact of Regulations on Non-Life Claims, Technology Trends in Non-Life Claims, Integrated Claims Management Systems, Claims Document and Content Management Systems, Market Dynamics Related to Economic Risk. The report covers 9 companies- Santam Insurance, IBM, Discovery Health, BITanium, ICICI Lombard General Insurance Company, Aetna International, Insurethebox, Co-operative Insurance, Hiscox Ltd.

Find all Insurance market research reports under a single page.

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Market Research Reports, Inc. (MarketResearchReports.com) is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

MarketResearchReports.com: Iran Cards and Payments Industry expected to reach 170.6 million cards in 2017, Reveals New Report

Iran’s card payments channel recorded growth during the review period. The nation’s improved banking infrastructure, a consumer shift towards card-based payments and government initiatives to accelerate card payments contributed to the growth during the review period (2008−2012). As the popularity of e-commerce increases and prepaid cards become more commonplace, the channel is projected to grow in volume and value terms over the forecast period (2013−2017). The card payments channel grew from 60.1 million cards in 2008 to 216.2 million in 2012, at a review-period CAGR of 37.73%. Over the forecast period, the total number of cards is projected to grow from 263.7 million to 423.2 million, representative of a forecast-period a CAGR of 12.56%. During the review period, the highest growth was registered in the prepaid cards category, which increased from 11.7 million cards in circulation in 2008 to 70.7 million in 2012, representing a review-period CAGR of 56.81%. It is projected to reach 170.6 million cards in 2017. Find all Banking and Finance Market Research Reports under a single page.

The report provides market analysis, information and insights into Iran’s cards and payments market, including:

  • Current and forecast values for each category of Iran’s cards and payments industry including debit cards, credit cards  and prepaid cards
  • Comprehensive analysis of the industry’s market attractiveness and future growth areas
  • Analysis of various market drivers and regulations governing Iran’s cards and payments industry
  • Detailed analysis of the marketing strategies adopted for selling debit, credit and prepaid cards used by various bankers and other institutions in the market
  • Comprehensive analysis of consumer attitudes and their buying preferences for cards
  • Competitive landscape of Iran’s cards and payments industry

Key Highlights

  • The card payments channel grew from 60.1 million cards in 2008 to 216.2 million in 2012, at a review-period CAGR of 37.73%. Over the forecast period, the total number of cards is projected to grow from 263.7 million to 423.2 million, representative of a forecast-period a CAGR of 12.56%.
  • During the review period, the highest growth was registered in the prepaid cards category, which increased from 11.7 million cards in circulation in 2008 to 70.7 million in 2012, representing a review-period CAGR of 56.81%. It is projected to reach 170.6 million cards in 2017.
  • In terms of the number of cards in circulation, the credit cards category recorded the second-highest review-period CAGR of 52.41% and is projected to record a forecast-period CAGR of 6.58%.
  • In terms of number of cards in circulation the debit cards category recorded a review-period CAGR of 31.50%, and is projected to record a forecast-period CAGR of 10.48%.
  • The key growth drivers during the review period were an increased demand from the unbanked population for transaction facilities, the use of prepaid cards for conducting e-commerce transactions, and reward programs.

Spanning over 63pages, 34 tables and 38 figures, “Emerging Opportunities in Iran’s Cards and Payments Industry: Market Size, Trends and Drivers, Strategies, Products and Competitive Landscape” report provides current values for Iran’s cards and payments industry 2012 and forecast figures for 2017.

In addition to covering the Market Attractiveness and Future Prospects of the Cards and Payments Industry, Analysis of Iran’s Cards and Payments Industry Drivers, Emerging Consumer Attitudes and Trends, Competitive Landscape and Industry Dynamics, Strategies Adopted by Key Operators, Size and Growth Potential of the Card Payments Channel, Company Profiles – Products and Marketing Strategies. The report covers 12 companies; EN Bank, Bank Pasargad, Bank MellatParsian Bank, Bank Keshavarzi, Tejarat Bank, Bank Sepah, Bank Sedarat Iran, Bank Melli Iran, Diners Club, American Express, Visa, MasterCard. Find all Debit and Credit Cards Research Reports under a single page.

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Market Research Reports, Inc. (MarketResearchReports.com) is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

MarketResearchReports.com: Favorable government strategies to expand the insurance industry in Morocco

The Moroccan insurance industry is one of the largest in the Arab region and the second-largest in Africa. Insurance penetration stood at 3.1% in 2012, while the premium per capita stood at MAD788.7 in the same year. Despite social unrest, low income levels, high urban unemployment and high poverty in rural areas, Morocco’s insurance industry penetration was among the highest in the region in 2012. The industry grew at a CAGR of 6.8% during the review period. This growth was partly driven by favorable government strategies to expand the insurance industry, including compulsory provisions such as compulsory third-party motor insurance and the implementation of other favorable provisions such as the Contrat Programme in 2011. Growth was further supported by economic development, the expanding mortgage market, growth in the travel and tourism industry and the introduction of the bancassurance channel.

The report provides in depth industry analysis, information and insights of the insurance industry in Morocco, including:-

  • The Moroccan insurance industry’s growth prospects by insurance segments and sub-segments
  • The competitive landscape in the Moroccan insurance industry
  • The current trends and drivers of the Moroccan insurance industry
  • The challenges facing the Moroccan insurance industry
  • The regulatory framework of the Moroccan insurance industry

This report provides a comprehensive analysis of the insurance industry in Morocco:-

  • It offers a detailed analysis of the key segments and sub-segments in Moroccan insurance industry, along with forecasts until 2017
  • It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, total assets, total investment income and retentions
  • It profiles the top insurance companies in Morocco, and outlines the key regulations affecting them

Reasons To Buy

  • Make strategic business decisions using in depth historic and forecast industry data related in the Moroccan insurance industry and each segment within it
  • Understand the demand-side dynamics, key trends and growth opportunities within the Moroccan insurance industry
  • Assess the competitive dynamics in the Moroccan insurance industry
  • Identify the growth opportunities and market dynamics within key segments
  • Gain insights into key regulations governing the Moroccan insurance industry and its impact on companies and the industry’s future

Key Highlights

  • The Moroccan insurance industry is one of the largest in the Arab region and the second-largest in Africa
  • The industry recorded a series of mergers and acquisitions and underwent significant transformations
  • Social unrest to have an impact
  • Insurance penetration increased substantially and was ranked among the highest in the region in 2012
  • The industry consists of 17 insurance providers including two mutual insurers and one reinsurance company
  • The implementation of stringent regulations, including a rise in minimum capital requirements, resulted in major changes to industry structure and insurance provisions

Spanning over 129 pages, 95 tables and 98 figures, “ The Insurance Industry in Morocco, Key Trends and Opportunities to 2017 ” report provides historical values for Moroccan insurance industry for the report’s 2008–2012 review period and forecast figures for the 2012–2017 forecast period.

In addition to covering the Moroccan Insurance Industry Overview, Industry Segmentation, Competitive Landscape, Macroeconomic Indicators.  The report covers 5 companies; RMA Watanya, AXA Assurance Maroc SA, CNIA Saada Assurance, Zurich Assurances Maroc, Atlanta-Sanad.

Related Reports

The Insurance Industry in Libya, Key Trends and Opportunities to 2017

The Insurance Industry in Algeria, Key Trends and Opportunities to 2017

The Insurance Industry in Gibraltar, Key Trends and Opportunities to 2017

The Insurance Industry in Tunisia, Key Trends and Opportunities to 2016

Assessing Solvency II: Challenges and Opportunities for the Insurance Industry

Find all Banking and Finance Market Research Reports under a single page at: Banking and Finance Market Research Reports

About Market Research Reports, Inc.

Market Research Reports, Inc. (www.MarketResearchReports.com) is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

MarketResearchReports.com: 2020 Foresight Report: Wealth Management Business Models and Best Practices

Wealth management is one of the most promising segments of the global financial services sector due to the emerging markets in Asia and Latin America. However, downside risks have intensified due to financial crises, volatility in capital markets, the movement of capital to relatively safe assets and regions, and increased regulatory pressures and norms. Competitors specialize in various business models in order to cater to the diverse needs of high net worth individual (HNWI) clients. The segment’s participants differ in terms of size, corporate structure and clients. Such levels of diversification indicate that the wealth management segment can sustain a variety of profitable business models. For more information visit: 2020 Foresight Report: No Magic Bullet – Wealth Management Models

Wealth management business models differ in terms of firms, size, corporate structure, clients targeted and revenue generated. Many firms and organizations share common features in terms of their core activities, company history, operations and services, providing a basis for rudimentary or arbitrary business model classifications. It is possible to identify basic wealth management models based around banks or other custodial institutions; broker-dealers and stockbrokers; and investment managers and family offices. These models are not mutually exclusive. One by-product of financial integration means that wealth management firms with a banking background, often have both broking and investment management arms. Similarly, many broking firms have diversified into investment management and other activities to generate more reliable and higher-quality revenue streams.

Target audience

  • Wealth management companies
  • Contractor research organizations.
  • Academia or other industry observers
  • Marketing and advertising agencies

The report provides analysis, information and insights into wealth management models used by wealth management companies globally

  • The report provides a global snapshot of various wealth management business models adopted, their market size and future outlook.
  • The report provides a comprehensive analysis of the respective market size, future outlook and competitive landscape of leading wealth management companies.
  • The report provides an analysis of trends and drivers driving the growth of various wealth management models.
  • The report provides a detailed analysis of best practices adopted by various wealth management companies across wealth management models.

The wealth management segment emerged as significant to the financial sector in the late 1980s. Due to an increase in demand, the segment was equipped with a network of investment advisors. Global wealth management growth declined dramatically during 2009−2012 due to the US economic crisis, combined with the Eurozone debt crisis in 2011, resulted in high market volatility and minimal growth that swept away investor assets and deterred them from investing in stocks and bonds.

The Asia-Pacific’s HNWIs population recorded significant growth during 2008−2012 at a CAGR of 11.27%, increasing from 2.4 million people in 2008 to 3.7 million people in 2012. Japan was the largest HNWI consumer market and accounted for 52.3% of the region’s total HNWI population. China is the second-largest market followed by Australia with respective shares of 17% and 5.1%. During the forecast period, the number of HNWI customers in this region is forecast to increase from 3.9 million people in 2013 to 5.1 million people in 2017, at a CAGR of 6.87%.

In terms of HNWI wealth, the Latin American region recorded an impressive CAGR of 9.82% during the review period. The HNWI wealth of this region increased from US$19.7 trillion in 2008 to US$28.7 trillion in 2012. Over the forecast period, the value of HNWI wealth in this region is forecast to increase from US$30.1 trillion in 2013 to US$35.1 trillion in 2017, at a CAGR of 3.93%.

The wealth management segment in emerging economies has recorded a greater level of market penetration. The growth and development of the wealth management segment was led by the advent of advanced technology and cost of infrastructure. These market drivers result in conducting decisions in respect with growth and development of the industry enabling UHNWIs to invest appropriately. Australia adopted the highest market penetration rate at 6% with a total of 2,585 UHNWIs and 155 wealth management institutions followed by Poland which grew at a penetration rate of 3.1%. Poland comprises of a total of 15 wealth management institutions providing services to 487 UHNWIs.

Market penetration rates are nowhere near saturation level, even in the developed economies of North America and Europe. This has obvious implications for competition and, by design, wealth management business models. In many nations there are a substantial number of potential clients that meet the typical entry requirements for a private banking or wealth management service. This untapped or ‘latent’ market could support a large number of new entrants.

Consolidation and acquisition activities in the wealth management segment are being driven by developed economies such as the US and the UK. The US alone recorded more than 100 acquisition deals in 2012, of which 85 were wealth management related. A similar pattern was observed in the UK.

Reasons to Buy

  • Gain an insight into the different types of wealth management business models within the market.
  • Understand the best practices framework adopted by the wealth management segment.
  • Gain an upper hand on your competitors by reviewing a set of wealth management models including information on the competitive landscape and industry dynamics.
  • Obtain an understanding of the sizing of the world markets.

Spanning over 79 pages, 25 tables and 37 figures, “2020 Foresight Report: No Magic Bullet – Wealth Management Models” report provides a comprehensive analysis of wealth management models adopted by various wealth management companies in the financial services industry and provides information on current market size and future prospects of the wealth management industry in developed and emerging markets.

In addition to covering the Wealth Management Business Models, Best Practices Framework Adopted by Wealth Management Segment, Wealth Management Models-Competitive Landscape and Industry Dynamics, Market Sizing – Global Market Size, Asia-Pacific, Americas and Europe (Regional market size and forecast).  The report covers 6 companies; Barclays, BNP Paribas, Deutsche Bank, HSBC, UBS, RBC.

Related reports-

2020 Foresight Report: Social Media in Wealth Management

2020 Foresight Report: Branding and Segmentation in Wealth Management

2020 Foresight Report: Post Office Financial Services

2020 Foresight: Bancassurance

2020 Foresight Report: Reinsurance Hubs

Find all Banking & Finance industry reports under a single page at:  Banking and Finance Market Research Reports

About Market Research Reports, Inc.

Market Research Reports, Inc. (www.MarketResearchReports.com) is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.

MarketResearchReports.com: Customer Convenience and Reduction in cost Driving the Mobile Point of Sale (MPOS) Technology market

Initially mobile point of sale (MPOS) technology was targeted at small enterprises who could not afford a conventional point of sale (POS) solution, either because of financial restrictions or because of the mobile nature of their business operation. However, developments in the retail and service sectors suggest that the technology is not only making inroads into large stores but areas not previously outlined for its use. Demand is being driven by the number of benefits the technology offers, such as improved levels of customer service. MPOS solutions process card payments at anytime and in any location. During 2011-2012, the global MPOS industry registered significant growth in terms of the volume of terminals in operation, registering an annual growth of 111%. Driven by the high adoption in emerging markets, the industry is further expected to expand at a CAGR of 42.7% over the next four years. For more information visit: 2020 Foresight Report: Mobile Point of Sale Technology

The key factors that are driving MPOS growth are:

  • Increases customer convenience.
  • Reduction of cost.
  • Higher sales.
  • Ability to tap seasonal demand.
  • Competitive differentiation.
  • Affordability by micro and small business operators.
  • Flexibility of payment on the go.

Competitors such as Square, iZettle, mPowa, SumUp, VeriFone, Intuit and PayPal are aiding the growth of MPOS technology by making it accessible to smaller enterprises. Over the forecast period, the volume of terminals is expected to increase, driven by growth in the retail sector, increased online trade, a rise in smartphone usage and card penetration.

MPOS technology is spreading at a very fast pace across the key economic regions of the globe, including developed and emerging markets with a number of startup organizations as well as established players in the payment industry who have chosen to venture into this sector.

Countries like the US, Canada, the UK, Germany, Japan and Australia are current hotspots for MPOS technology due to high investment as well as favourable market drivers such as rising card penetration, smart-phone and internet users. The adoption of this technology in emerging economies such as India, China, Brazil and Russia is also beginning to catch up. They are fast becoming key areas of future investment due to a combination of the positive macroeconomic factors and the favourable demographics.

MPOS solutions have high adoption levels in more developed economies such as the UK, France and Germany with firms such as VeriFone, Square, Intuit, iZettle, PayPal and Motorola leading the charge. Countries in the Asia-Pacific region such as India, China, Malaysia, Singapore, and Hong Kong are now emerging as new destinations for investment in this technology.

Recent technological innovations have allowed turning smart-phones and tablets, which run on platforms such as Apple’s iOS, Blackberry and Android, to be used as MPOS systems. Many providers of MPOS solutions provide dongles, which can be attached to a smart-phone through the headphone jack, a USB port or a proprietary connector, capable of reading card information.

Reasons to buy

  • Receive a comprehensive analysis of the size and future growth prospects of the technology market.
  • Understand analysis on the various market drivers and key challenges.
  •  Understand detailed analysis of the business strategies adopted by key players in the market to expand their customer base and operations.
  • Review a global snapshot of MPOS technology and its adoption in various regions across the world.
  • Save funds by narrowing budget allocation for online and digital marketing.
  • Gain an edge by reviewing case studies showcasing the impact of MPOS adoption and detailed analysis of competitor landscape along with their business strategies.

Target audience

  • Financial service & MPOS companies.
  • Suppliers to financial service companies.
  • Contractor research organizations.
  • Trade body, academia or other industry observers
  • Companies involved at any stage in the manufacturing, procurement and marketing process.
  • Marketing and advertising agencies.
  • Technology Companies.

The market size of MPOS technology is growing at a fast pace. The key growth drivers are expected to comprise MPOS-enabled smartphones, investment in MPOS technology in the emerging economies of Asian and Africa, the large-scale adoption of MPOS technology by small enterprises and the clearance of regulatory hurdles.

The retail sector is considered the main area of adoption for MPOS services due to the volume of transactions. Even though the sector’s growth rate has been volatile due to the economic crises, the size of the sector has continued to expand.

Spanning over 81 pages, 2 tables and 48 figures, “ 2020 Foresight Report: Mobile Point of Sale Technology ” report provides a comprehensive analysis of mobile point of sale technology along with key drivers and challenges.

In addition to covering the Mobile Point of Sale Terminals (MPOS) Market Dynamics, Global Market Size and Drivers, MPOS Strategies, Implementing Mobile POS, Competitive Landscape and Industry Dynamics. The report covers 10 companies; Nordstrom, Nebraska Book Company, Gaylord Hotels, Motorola, VeriFone, Intuit, iZettle, Square, SumUp, The Home Depot.

Related reports-

Innovation in Payment Systems: The Emergence of Contactless Cards and Payments

2020 Foresight: Bancassurance

The Growing Opportunities in Money Transfer

Find all Banking & Finance industry reports under a single page at:  Banking and Finance Market Research Reports

About Market Research Reports, Inc.

Market Research Reports, Inc. (www.MarketResearchReports.com) is the world’s leading source for market research reports and market data. We provide you with the latest market research reports on global markets, key industries, leading companies, new products and latest industry analysis & trends.