{"id":5558,"date":"2018-08-06T11:36:21","date_gmt":"2018-08-06T11:36:21","guid":{"rendered":"https:\/\/in4mo.com\/?p=2480"},"modified":"2024-11-24T17:36:14","modified_gmt":"2024-11-24T15:36:14","slug":"how-ecosystem-affects-insurers","status":"publish","type":"post","link":"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/","title":{"rendered":"How Ecosystem Affects Insurers"},"content":{"rendered":"<p><strong>How Ecosystem Affects Insurers <\/strong><\/p>\n<p>Published on August 06, 2018 | 1 min read<\/p>\n<p>How can insurers create network effects and become market leaders?<br \/>\nFrom capturing data as a one-time event to investing in connected technologies and market intelligence, insurance companies are shifting direction.<\/p>\n<p><a href=\"https:\/\/knowledge.insead.edu\/blog\/insead-blog\/ecosystems-are-the-future-of-insurance-7561\" target=\"_blank\" rel=\"noopener noreferrer\">INSEAD<\/a> believes insurers will realize that the ownership of consumer data can give them a competitive advantage, but also that they cannot manage all value creation for their customers on their own.<\/p>\n<p>This is especially true for insurers who focus more on risk assessment and claim management than product innovation. The opportunity lies in creating their own ecosystems with partners that can offer relevant value to the end consumers.<\/p>\n<p>Network effects allow for scalability: the more data an insurance ecosystem can capture, the more third parties will want to collaborate with them. The more value these third parties offer, the stronger the value proposition will be for the customer.<\/p>\n<p>One insurance company alone cannot be in charge of all value creation for their customers. Let\u2019s create ecosystems that can.<\/p>\n<p><em>More information through the <a href=\"https:\/\/knowledge.insead.edu\/blog\/insead-blog\/ecosystems-are-the-future-of-insurance-7561\" target=\"_blank\" rel=\"noopener noreferrer\"><strong>link<\/strong><\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>How Ecosystem Affects Insurers Published on August 06, 2018 | 1 min read How can insurers create network effects and become market leaders? From capturing data as a one-time event to investing in connected technologies and market intelligence, insurance companies are shifting direction. INSEAD believes insurers will realize that the ownership of consumer data can&#8230;<\/p>\n","protected":false},"author":9,"featured_media":5968,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[88],"class_list":["post-5558","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-ecosystem"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Ecosystem Affects Insurers - In4mo Support<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Ecosystem Affects Insurers - In4mo Support\" \/>\n<meta property=\"og:description\" content=\"How Ecosystem Affects Insurers Published on August 06, 2018 | 1 min read How can insurers create network effects and become market leaders? 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INSEAD believes insurers will realize that the ownership of consumer data can...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/\" \/>\n<meta property=\"og:site_name\" content=\"In4mo Support\" \/>\n<meta property=\"article:published_time\" content=\"2018-08-06T11:36:21+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-24T15:36:14+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.in4mo.com\/support\/wp-content\/uploads\/sites\/2\/Networking-.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"500\" \/>\n\t<meta property=\"og:image:height\" content=\"281\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jean-Christophe Andre\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jean-Christophe Andre\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/\",\"url\":\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/\",\"name\":\"How Ecosystem Affects Insurers - In4mo Support\",\"isPartOf\":{\"@id\":\"https:\/\/www.in4mo.com\/support\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.in4mo.com\/support\/wp-content\/uploads\/sites\/2\/Networking-.jpg\",\"datePublished\":\"2018-08-06T11:36:21+00:00\",\"dateModified\":\"2024-11-24T15:36:14+00:00\",\"author\":{\"@id\":\"https:\/\/www.in4mo.com\/support\/#\/schema\/person\/8212cf151afa611a3da7ba909c04035b\"},\"breadcrumb\":{\"@id\":\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/#primaryimage\",\"url\":\"https:\/\/www.in4mo.com\/support\/wp-content\/uploads\/sites\/2\/Networking-.jpg\",\"contentUrl\":\"https:\/\/www.in4mo.com\/support\/wp-content\/uploads\/sites\/2\/Networking-.jpg\",\"width\":500,\"height\":281},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.in4mo.com\/support\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Ecosystem Affects Insurers\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.in4mo.com\/support\/#website\",\"url\":\"https:\/\/www.in4mo.com\/support\/\",\"name\":\"In4mo Support\",\"description\":\"Insurance and Construction Software\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.in4mo.com\/support\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.in4mo.com\/support\/#\/schema\/person\/8212cf151afa611a3da7ba909c04035b\",\"name\":\"Jean-Christophe Andre\",\"url\":\"https:\/\/www.in4mo.com\/support\/author\/jc\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"How Ecosystem Affects Insurers - In4mo Support","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.in4mo.com\/support\/how-ecosystem-affects-insurers\/","og_locale":"en_US","og_type":"article","og_title":"How Ecosystem Affects Insurers - In4mo Support","og_description":"How Ecosystem Affects Insurers Published on August 06, 2018 | 1 min read How can insurers create network effects and become market leaders? 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