An insurance industry analysis is a generalized recapitulation of the strengths and weaknesses of the insurance industry, laying bare the technical as well as executive flaws in the system. It is generally adopted by an upfront and capable analyst who hones enough experience in this field. It is framed very thoughtfully in light of the historical profile of the industry.
Sample Insurance Industry Analysis
General Analysis of Insurance Industry of US
Name of the insurance industry analyst: Samantha Sloth
Date of presentation of insurance industry analysis: 5th July, 2011
Key objectives behind this analysis: This analysis would help us get answers to a few questions pertaining to the socio-cultural and economic perspectives and the future implications of the process.
Source of data: Published news and information in The Times, Daily Motion and other leading international newspapers of the state
Economic emancipation of the state has been a strong propellant for the insurance industry due to which the commonly executed economic policies and rules have got a terrific boost in terms of global liberalization and better insurance coverage. The government has a great role to play in the liberalization of insurance.
The socio-cultural aspect heavily demands use of suitable market channels and products during marketing functions as marketing is a great challenge in itself wherein ethos has to be maintained diligently and ceremoniously. The principles working for the population vary from one stratum to another.
The success of the insurance industry lies in the way it follows the strategies instead of the norms per se by focusing on customer needs and customer segmentation.