Generation Hashtag in Insurance – Thematic Intelligence

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AI, IoT, and big data have enabled startups in the insurance industry to meet the Generation Hashtag expectations in providing services. Coupled with Generation Hashtag’s distrust in established financial service institutions, startups have the perfect opportunity to disrupt the industry by targeting and serving this demographic. Generation Hashtag also has a greater awareness of startups within the industry, indicating that insurtechs are targeting their marketing well.

The Generation Hashtag in insurance thematic research report takes an in-depth look at the Generation Hashtag in insurance and identifies some of the leading companies and categorizes their position in the value chain. The report provides a thematic briefing, a trends section, and an industry analysis. In addition, use cases of the leading companies within the Generation Hashtag in the insurance theme are described and analyzed. The report also tells the story of the development of Generation Hashtag in insurance and beyond and provides a value chain analysis.

Generation Hashtag in Insurance – Industry Analysis

Generation Hashtag is a more tech-savvy cohort of consumers than older generations. A 2021 report by EY shows that many Generation Z and millennials see a fintech brand as their most trusted financial brand (over an established bank). Nowadays, many insurtechs are advertising themselves in a way that shows they are different from traditional insurers to gain a competitive edge.

Generation Hashtag in insurance industry analysis also covers:

  • Timeline

To know more about the Generation Hashtag in insurance industry analysis, download a free report sample

Generation Hashtag in Insurance - Key Trends

The main trends shaping the Generation Hashtag in the insurance theme are classified into technology trends, macroeconomic trends, and regulatory trends.

Technology trends: The key technology trends impacting the theme are increasing application of technology such as IoT and AI, rise in the time spent on mobile apps, and personalization of services.

Macroeconomic trends: The key macroeconomic trends impacting the theme are the cost-of-living crisis, the incoming recession, and the focus on ESG strategies.

Regulatory trends: The key regulatory trends impacting the theme are focus on data protection regulations and cybersecurity and reformation of the Solvency II regulatory framework in the UK.

For more insights on key trends impacting the Generation Hashtag in insurance, download a free report sample

Generation Hashtag in Insurance - Value Chain Analysis

The value chain within insurance includes product development, marketing and distribution, underwriting and risk profiling, claims management, and customer service. Both organizational structure and IT systems are fundamental to all areas of the insurance value chain. Organizational structure enables businesses to operate efficiently. Depending upon the theme being analyzed, the organizational structure of certain elements of the value chain may alter.

Product development: The key layers of product development are insurers, regulators, and brokers.

Insurance Industry Value Chain Analysis

Insurance Industry Value Chain Analysis

For more value chain insights in the Generation Hashtag in the insurance theme, download a free report sample

Leading Public Companies in the Generation Hashtag in Insurance

Some of the leading public companies making their mark among Generation Hashtags in insurance themes are Allianz, AXA, Aviva, Direct Line, Hippo, and Lemonade.

Leading Private Companies in the Generation Hashtag in Insurance

Some of the leading private companies making their mark among Generation Hashtags in insurance industry are Arma Karma, By Miles, DeadHappy, Hedvig, Marmalade, Marshmallow, State Farm, Urban Jungle, and Wefox.

To know more about the leading companies associated with Generation Hashtag in the insurance industry, download a free report sample

Non-Life Insurance Intermediaries Sector Scorecard – Generation Hashtag in Insurance

At GlobalData, we use a scorecard approach to predict tomorrow’s leading companies within each sector. Each sector scorecard has three screens:

  • The thematic screen ranks companies based on overall leadership in the 10 themes that matter most to their industry, generating a leading indicator of future performance.
  • The valuation screen ranks our universe of companies within a sector based on selected valuation metrics.

Non-Life Insurance Intermediaries Sector Scorecard – Thematic Screen

Non-Life Insurance Intermediaries Sector Scorecard – Thematic Screen

To know more about the sector scorecards, download a free report sample

Generation Hashtag in Insurance Overview

Report Pages 61
Regions Covered Global
Key Trends technology trends, macroeconomic trends, and regulatory trends
Value Chain product development, marketing and distribution, underwriting and risk profiling, claims management, and customer service
Leading Public Companies Allianz, AXA, Aviva, Direct Line, Hippo, and Lemonade
Leading Private Companies Arma Karma, By Miles, DeadHappy, Hedvig, Marmalade, Marshmallow, State Farm, Urban Jungle, and Wefox

Scope

  • GlobalData’s 2021 UK Insurance Consumer Survey indicates that more than half of Generation Hashtag would be willing to purchase insurance from an unestablished brand compared.
  • Generation Hashtag also has a greater awareness of startups within the industry, indicating that insurtechs are targeting their marketing well.
  • GlobalData’s Q3 2021 Consumer Survey found that a large section of millennials and Generation Z typically go on city breaks.

Reasons to Buy

  • Determine how different ideologies of younger consumers will encourage a change in approach for the insurance industry in targeting this cohort.
  • Identify features of insurance for which Generation Hashtag has a greater preference due to differences in living styles.
  • See how insurtechs and incumbents are adapting strategies to resonate with and market to this demographic.
  • Understand how the use of technology in insurance can drive greater uptake and enhance customer service in the eyes of Generation Hashtag.

Vitality
Dai-Ichi Life
Direct Line
State Farm
Generali
Aviva
AXA
Ping An Life
Allianz
LV=
Lemonade
By Miles
Marmalade
Locket
Urban Jungle
Root
Hippo
Arma Karma
DeadHappy
Wefox
Getsafe
Marshmallow
Hedvig
Blink Parametric
Hiscox
Carrot
Honey
Ondo InsurTech
Metromile
Moja
Revolut
Co-op Insurance
Insure the Box

Table of Contents

Executive Summary

Players

Thematic Briefing

Trends

• Technology trends

• Macroeconomic trends

• Regulatory trends

Industry Analysis

• Timeline

Value Chain

• Product development

• Marketing and distribution

• Underwriting and risk profiling

• Claims management

• Customer service

Companies

• Public companies

• Private companies

Sector Scorecards

• Non-life insurance sector scorecard

Glossary

Further Reading

GlobalData reports

Our Thematic Research Methodology

About GlobalData

Contact Us

Frequently asked questions

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