What We Can Do For You
How Technology impacts on Insurance industry
NEW PRODUCT DESIGN & LAUNCH
Text analytics – scan and structure existing policies and product descriptions for faster product development.
NEW PRODUCT DESIGN & LAUNCH
Recommendation engine – Analyse customer buying behaviour based on sales data followed by product recommendations.
CLAIM
Process claims faster by validating claim forms with external data sources. Assessment on suspicious claims Accurate prediction of the claim value reduce financial loss for the Insurer.
CLAIM
Provide sales leads based on social media and purchase data. Use virtual sales agent and well-trained chatbots for potential customers to consult frequently asked questions.
UNDERWRITING
Scan for ambiguities and rate risks in insurance applications based on claims to detect fraud faster Predict premiums based on past risk assessments.
UNDERWRITING
Transform process descriptions into structured data to improve effectiveness of internal processes.
What to expect from insurtech digital technologies
Moving to an online platform ecosystem can reduce distribution costs and enable better communication with customers through social media, email, mobile apps, etc.
cut expenses
Better customer experience
Stay away from scams
