Insurance in the Industry 4.0 environment: A literature review, synthesis, and research agenda

Ritu Srivastava, Anupama Prashar, S.Veena Iyer and Piyush Gotise
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S.Veena Iyer: Management Development Institute Gurgaon, Gurgaon, India
Piyush Gotise: Symbiosis Institute of Business Management Pune, Symbiosis International (Deemed University), Pune, India

Australian Journal of Management, 2024, vol. 49, issue 2, 290-312

Abstract: Commodification and thinning margins of insurers have increased competition in the industry. Accessing accurate data and its meaningful analysis is becoming vital. The rise of digital technologies driven by the fourth industrial revolution (Industry 4.0) enables this but also poses new risks to insurers. The literature is evolving, and most reviews have focused on technologies or insurance value chain aspects. This systematic review of research on digital technologies in insurance discusses their benefits, enablers and inhibitors with specific reference to Industry 4.0–driven changes and identifies opportunities and imminent changes in the industry. This article discusses directions for future research. JEL Classification: M150 IT Management

Keywords: Digital transformation; Industry 4.0; insurance (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:sae:ausman:v:49:y:2024:i:2:p:290-312

DOI: 10.1177/03128962221132458

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