How do you think Insurance firms make money? Is it a sustainable business model or does it call out for a much-needed business model innovation? In this article, we will try to debunk the working of the Insurance industry and try to deep-dive into why there's a need for a new business model in the Insurance space. Do you think the Insurance industry needs to change the way it conducts its business? If yes, can you think about some new strategies for the same? Would love to hear your comments on this!! In the next article, we would discuss some of the new and upcoming changes in the Insurance space in the way the business is getting conducted, and also our own recommendations that could help remove the customer's pain points. Stay tuned!! Here's the link to my last article - https://lnkd.in/gEbS_iU #businessstrategy #insurancepolicy #insuranceclaims #assetmanagement #incomestatementeffects #businessanalysis #profitablebusiness #businessmodelinnovation
Vivek Mittal
4 年
Very well analysed Siddharth Malik !!!!
Samardeep Verma
4 年
Excellent article Siddharth!! Just a small thought that people consider insurance as an expense. If more money back plans are introduced then it will be attracting more customers. Also a huge chunk of population is employed in informal sector which is still an untapped market. Less expensive plans with only premiums returned back (no interest paid on premium amount) can be attract a lot of customers.
Ramit Saluja
4 年
Well analysed and easily relatable...Kudos to your efforts Siddharth Malik ??
Great read Sid!! Very well written and thought provoking!!:)?
A really nice read Siddharth Malik. ????
Hardat Nanda
4 年
I thought of using multiple linked reactions! Beautifully written, excellent POV and the message I believe will get etched in the readers mind. Good food for thought!!
Ayush Maheshwari
4 年
Great analysis and an easy read Siddharth Malik! Aligns with the need for a more customer centric : Value-Based Care (VBC) model in healthcare.
Nirbhay Salar
4 年
Congratulations. Very well analysed and articulated. General mistrust and social acceptance of false or jacked-up claim is main reason. It breed mistrust.
Dhrubajyoti Das
4 年
Great read !!
Leading Product for Lemonn - The Stock Investment App | ISB | IIT | Ex-BlackBuck,Ola
4 年Have enjoyed both your articles Siddharth! As somebody who isnt very aware of both the topics you covered, I must say that the way the articles have been written is very smooth and easy to understand. Keep them coming!