Opportunities for Entrepreneurs in E-Insurance

Information and Communication Technology (ICT) has a profound impact on the social life of the people and on the economic structure of the nation. The real challenge is, to make use of internet and other ICT's, in order to create better economic opportunities and to reduce poverty. When used in a productive sphere, ICTs are most likely to improve the living standard of people, by affecting different business and service sectors especially the insurance sector. Insurance sector plays an important role in the growth of the country's economy. It is important to know the impacts and barriers of ICT on the insurance before implementing it. Once the process of insurance changes from manual to online, there are opportunities for the entrepreneur. The paper takes a critical look at the opportunities available for entrepreneur in e-insurance. This research is mainly focusing on various opportunities which are available to entrepreneur in e-insurance by knowing the benefits of ICTs application in the insurance sector and the barriers the insurance sector may face in complete ICT application.