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Insurance Distribution Conference, 17th Jan 2008

•
•
M
Mahavir Chopra

The Presentation was rolled in at the Insurance Distribution Conference at ITC Grand Maratha Sheraton. The presentation provides a detailed note and road map to the beginning of a multi-layered online Insurance distribution channel in India.

TechnologyEconomy & Finance
1 of 18
Online Insurance – An emerging distribution Channel Mahavir Chopra www.InsuranceMall.in Mumbai, 17 th January 2007
Agenda 2. Macro Online Industry in India 3. Global Online Insurance Industry 4. Changing Trends in India. 5. Online Insurance in India, now 6. Online Insurance in India, tomorrow 1. Introduction
Objective The Objective of this presentation is “ to collectively discuss the emergence of a multi-layered online Insurance distribution industry in India and its benefits”
Introduction ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Times are changing Convenience is primary for the consumer today. The consumer is adopting time-saving intelligent media, in every need and want.
Shift for convenience ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Giant in the making ,[object Object],[object Object],[object Object],[object Object],[object Object],Internet, as a channel of Direct Marketing – is a giant in the making: Source: IOAI and Juxt Consult Online Reports
Growth of Internet Users Exponential Growth in the no. of users Source: IOAI and Juxt Consult Online Reports
Growth of Ecommerce eCommerce growing at more than 100% for the last 3 years Rs. Cr. Source: IOAI and Juxt Consult Online Reports
Profile of the Online Shopper: ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: IOAI and Juxt Consult Online Reports
Global Online Insurance ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: IOAI and Juxt Consult Online Reports
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Changing Trends in Insurance Distribution Higher Costs of Distribution and customer need has led to newer Distbn. Channels
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Some online insurance websites
[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],InsuranceMall.in – Online Broker
Current Online Industry in India ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],Source: IOAI and Juxt Consult Online Reports
Why it makes sense for everyone? ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
Online Industry – what it can become ,[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object],[object Object]
[object Object]

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Insurance Distribution Conference, 17th Jan 2008

  • 1. Online Insurance – An emerging distribution Channel Mahavir Chopra www.InsuranceMall.in Mumbai, 17 th January 2007
  • 2. Agenda 2. Macro Online Industry in India 3. Global Online Insurance Industry 4. Changing Trends in India. 5. Online Insurance in India, now 6. Online Insurance in India, tomorrow 1. Introduction
  • 3. Objective The Objective of this presentation is “ to collectively discuss the emergence of a multi-layered online Insurance distribution industry in India and its benefits”
  • 4.
  • 5. Times are changing Convenience is primary for the consumer today. The consumer is adopting time-saving intelligent media, in every need and want.
  • 6.
  • 7.
  • 8. Growth of Internet Users Exponential Growth in the no. of users Source: IOAI and Juxt Consult Online Reports
  • 9. Growth of Ecommerce eCommerce growing at more than 100% for the last 3 years Rs. Cr. Source: IOAI and Juxt Consult Online Reports
  • 10.
  • 11.
  • 12.
  • 13.
  • 14.
  • 15.
  • 16.
  • 17.
  • 18.