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Digitalization Of Insurance Sector: Issues And Challenges To An Insurance Advisor

Authors: Meenakshi Acharya; Dr. C. K. Hebbar;

Digitalization Of Insurance Sector: Issues And Challenges To An Insurance Advisor

Abstract

{"references": ["1.\tHorvath and partners (2015), White Paper: The Impacts of Digitization on the Management of Insurance Companies Steering Business in a Digital World. Retrieved from www.horvath-partners.com/fileadmin/horvath-partners.com/assets/05-Media-Center/PDFs/englisch/WP-Insurance-Digitl-web-g.pdf 2.\tKumar, Jagendra(2016) Time for Data driven Marketing decisions to Insurance Intermediaries, IRDAI Journal, Vol. 14, No2, pp. 45-50 3.\tOdoyo,S,Fredrick and Nyangosi, Richard (2011), E-Insurance: An Empirical Study of Perceived Benefits, International Journal of Business and Social Science, Vol2, No. 21, pp. 166-171. 4.\tPahuja, Anurag and Chitkara, Saloni(2016), Perceptual Exploration of Factors and Issues Affecting Adoption of E-Insurance, Case Studies in Business and Management, Vol3, No.1, pp. 99-112. Retrieved from file:///c:/Users/DELL/Downloads/9623-35371-1-PB.pdf 5.\tRaghvan.R.(2016) IIB Bulletin, vol2,issue2, pp.1. 6.\twww.finextra.com"]}

People are getting a taste of the digital experience in each and every corner of the world except insurance. This has made digitalization as need of the hour. Digitalization has improved the reach, quality of service provided by company. In the present paper, try has been made to understand the issues and challenges faced by a life insurance advisor. A sample of 50 life insurance advisors of Mangaluru city, both from public and private insurance company, was studied. Author came to conclusion that, advisor needs more training and support from company. As customers are more attracted towards digitalization, advisor should also update himself to ride the digital wave.

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Keywords

Digitalization, Insurance Advisor, Mobile, SMS & Social Media, Digitalization, Insurance Advisor, Mobile, SMS & Social Media

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