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International Journal of Business and Social Science Vol. 2 No.10; June 2011 Feasibility Study of E-Insurance Services in Iranian Insurance Companies(Asia Insurance Co.) Mehran Ali pour Assistant

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How to fill out feasibility study of e-insurance

How to fill out a feasibility study of e-insurance:

01

Start by conducting thorough research on the e-insurance industry. This includes examining current trends, market demand, and competition in the market.

02

Identify the objectives and goals of your e-insurance project. Determine what you aim to achieve through the implementation of e-insurance and outline these goals in the feasibility study.

03

Assess the technical feasibility of e-insurance. Evaluate the existing infrastructure and technology requirements needed to support an e-insurance system. Consider factors such as hardware, software, internet connectivity, and data security.

04

Analyze the financial viability of e-insurance. Prepare a detailed cost analysis, taking into account initial investment, ongoing expenses, revenue generation potential, and projected return on investment. Consider factors like operational costs, marketing expenses, and potential revenue from policy sales.

05

Evaluate the legal and regulatory aspects of e-insurance. Research and understand the existing laws and regulations related to insurance in your target market. Ensure that your e-insurance project complies with these regulations and obtain necessary licenses or permits.

06

Consider the operational feasibility of e-insurance. Assess the ability of your organization to implement and manage an e-insurance system. Analyze factors like human resources, skill requirements, training needs, and potential resistance to change.

07

Conduct a risk assessment. Identify and evaluate potential risks and challenges associated with e-insurance. This includes risks related to cybersecurity, data protection, system failures, market volatility, and customer trust. Develop strategies to mitigate these risks.

08

Summarize the findings and conclusions of the feasibility study. Provide a comprehensive report that encompasses all the assessments and analyses conducted. Include recommendations on whether to proceed with the e-insurance project, potential modifications needed, and any additional considerations.

Who needs a feasibility study of e-insurance?

01

Insurance companies planning to diversify their product offerings and venture into e-insurance.

02

Start-ups or entrepreneurs considering entering the insurance industry with an online-focused business model.

03

Established insurance companies looking to assess the viability and potential benefits of adopting e-insurance to enhance their operations and reach a wider customer base.

04

Investors or stakeholders who require comprehensive information to make an informed decision about investing in an e-insurance project.

05

Regulators and policymakers who need to evaluate the feasibility and impact of introducing or regulating e-insurance in their jurisdiction.

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What is feasibility study of e-insurance?

Feasibility study of e-insurance is a study that assesses the viability and potential success of implementing e-insurance within an organization.

Who is required to file feasibility study of e-insurance?

Insurance companies and organizations looking to introduce e-insurance are required to file feasibility study of e-insurance.

How to fill out feasibility study of e-insurance?

Feasibility study of e-insurance can be filled out by gathering relevant data, analyzing market trends, evaluating technical requirements, and assessing the financial impact of implementing e-insurance.

What is the purpose of feasibility study of e-insurance?

The purpose of feasibility study of e-insurance is to determine whether implementing e-insurance is a viable and profitable endeavor for the organization.

What information must be reported on feasibility study of e-insurance?

Information such as market research data, technological requirements, financial projections, risk assessment, and implementation timelines must be reported on feasibility study of e-insurance.

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