Exploring Variables Structure based on Structural Equation Modeling of Future Strategy for Digital Car Insurance Product based on Millennial Generation's Perception of Purchase Decision

Natasya, S. Syafira, Akhmad Hidayatno, Armand Omar Moeis

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

Abstract

Service offerings for the new kind of market consist of digitally fluent millennial generations significantly different in the insurance industry. The moved to digital service offering are essential to maintain a competitive advantage. Car insurance is one service offered by the general insurance industry growing and following the trend towards digital. This research emphasizes the influence of the relationship between knowledge & consumer behavior and product innovation on the perception of purchasing decisions for the digital car insurance product. This paper develops a conceptual model using a system diagram to show inputs, processes, outputs, related stakeholders, and intervention choices that can influence strategy early-development. The conceptual model is the base for planned further research using Structural Equation Modelling (SEM) method to measure its relationship.

Original languageEnglish
Title of host publicationProceedings of the 4th Asia Pacific Conference on Research in Industrial and Systems Engineering
Subtitle of host publicationBuilding Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021
PublisherAssociation for Computing Machinery
Pages234-239
Number of pages6
ISBN (Electronic)9781450390385
DOIs
Publication statusPublished - 25 May 2021
Event4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021 - Depok, Indonesia
Duration: 25 May 2021 → …

Publication series

NameACM International Conference Proceeding Series

Conference

Conference4th Asia Pacific Conference on Research in Industrial and Systems Engineering: Building Business Resilience to Face the Challenge in Pandemic Era, APCORISE 2021
Country/TerritoryIndonesia
CityDepok
Period25/05/21 → …

Keywords

  • Decision modeling
  • Digital product
  • Insurance
  • Model conceptualization
  • SEM

Fingerprint

Dive into the research topics of 'Exploring Variables Structure based on Structural Equation Modeling of Future Strategy for Digital Car Insurance Product based on Millennial Generation's Perception of Purchase Decision'. Together they form a unique fingerprint.

Cite this