The generic e-learning courses market report; an analyst said a trend that is already impacting the market is the implementation of advanced analytics tools to reduce fraudulent claims. According to the National Insurance Crime Bureau (NICB), insurance fraud is the second biggest white-collar crime in the US after tax evasion. Advanced tools, such as big data analytics and geospatial analysis, are making it easier for insurance companies to reduce losses stemming from fraud claim. An analyst expects that top insurers will form partnerships with analytics services providers to speed up payment processes and improve customer satisfaction during the forecast period.
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According to the report, a key growth driver is the mandate to buy insurance policies. A motor vehicle insurance covers any financial risk that can crop up while driving the vehicle. In other words, an insurance company will cover losses arising from theft, damages, or accidents - if such incidents are covered under the policy. In India, the Motor Vehicles Act specifies that all vehicles should have an insurance policy, or a third-party liability cover. A third-party insurance policy will cover the financial losses incurred in case of an accident, and may or may not cover the losses arising from damages sustained by the owner's car.
E-learning refers to learning through electronic gadgets, such as PCs, notebooks, and tablets. It is backed by ICT that enables users to learn 24/7 learning from any access point. The curriculum of e-learning includes archived and real-time information. There is no set standard of e-learning method used in the education market. Differentiation is primarily based on the type of content delivered and the mode of instruction, which could be classroom based, virtual, or blended learning environment.
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The report, Global Generic E-Learning Courses Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
E-learning refers to learning through electronic gadgets, such as PCs, notebooks, and tablets. It is backed by ICT that enables users to learn 24/7 learning from any access point. The curriculum of e-learning includes archived and real-time information. There is no set standard of e-learning method used in the education market. Differentiation is primarily based on the type of content delivered and the mode of instruction, which could be classroom based, virtual, or blended learning environment. Generic e-learning courses are standard courses offered by service providers, educational institutions, and experts. These courses are prepared as per the standard curriculum, which is universal for a given subject or topic.
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Key players in the global motor vehicle insurance market: Allianz, AIG, Allstate Insurance, Berkshire Hathaway, People's Insurance Company of China, and Ping An Insurance. Other Prominent Vendors in the market are: AXA, Munich Re, and Zurich.
Further, the report states that one challenge that could restrict market growth is the risk variables in the underwriting process.
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