New Electronics Market Study Findings Have Been Reported from University of St. Gallen (Exploring characteristics and transformational capabilities…

Economics Week

New Electronics Market Study Findings Have Been Reported from University of St. Gallen (Exploring characteristics and transformational capabilities of InsurTech innovations to understand insurance value creation in a digital world)

By a News Reporter-Staff News Editor at Economics Week -- New research on Electronics - Electronics Market is the subject of a report. According to news originating from St. Gallen, Switzerland, by VerticalNews correspondents, research stated, "Recent developments in the insurance industry embrace various Insurance Technology (InsurTech) innovations. To date, there is a lack of structured assessments of InsurTech."

Our news journalists obtained a quote from the research from the University of St. Gallen, "Prior research on FinTech fails (1) to clarify how InsurTech can be characterized and what capabilities are employed, and hence, (2) to reveal implications for value creation on firm and industry level. We address this by inductively building a model of InsurTech innovation adopting the grounded theory method. Our empirical data includes 208 InsurTech innovations from a market analysis based on Twitter data and a multiple-case study. The resulting model comprises 52 characteristics and 14 transformational capabilities and is integrated with extant value networks and intermediation literature. The former explains how InsurTech affects firm-level value creation and suggests that disruptive potentials emerge from aligning the transformational capabilities along three interdependent activities."

According to the news editors, the research concluded: "The latter explains the entrance of digital intermediaries and their roles in the personal insurance market."

For more information on this research see: Exploring characteristics and transformational capabilities of InsurTech innovations to understand insurance value creation in a digital world. Electronic Markets, 2018;28(3):287-305. Electronic Markets can be contacted at: Springer Heidelberg, Tiergartenstrasse 17, D-69121 Heidelberg, Germany. (Springer - www.springer.com; Electronic Markets - www.springerlink.com/content/1019-6781/)

The news correspondents report that additional information may be obtained from E. Stoeckli, Univ St Gallen, Inst Informat Management, CH-9000 St Gallen, Switzerland. Additional authors for this research include C. Dremel and F. Uebernickel.

The direct object identifier (DOI) for that additional information is: https://doi.org/10.1007/s12525-018-0304-7. This DOI is a link to an online electronic document that is either free or for purchase, and can be your direct source for a journal article and its citation.

Keywords for this news article include: St. Gallen, Switzerland, Europe, Electronics Market, Electronics, University of St. Gallen.