There’s always more in Insurance than just being at risk.
Xenneo survey found that Insurance is changing most rapidly and with pace among all industries. IoT has also changed the way Insurance reciprocates the business.As the IoT continues to gather pace, driving an increasing number of new connected devices and a wealth of new sources of data, the insurance industry is taking note, looking beyond traditional actuarial science to unlock a new world of opportunities built on actionable data. Insurers are experimenting to find ways to improve pricing, claims settlement, risk selection and more customer-centric products.
As the number of devices and new data sources grows, insurers will focus on the implications for broader insurance segments. For example, data from wearable devices, like Fitbit or the Apple watch, from customers who opt-in can inform life/health and property/casualty policies and programs based on users’ eating and exercise habits. Wearables can also be used to track claimant whereabouts in the event of an accident or natural disaster occurrence for fraud prevention and safety and rescue purposes. Needless to say, opportunities for insurers to leverage connected devices are bountiful.
With industry specific expertise, we can offer insurers tailor made pre package or customized software as per the need. Our software enables insurers to overall readiness for disruptions with additional cost cutting benefits. Features are:
- Full automations of insurance process to make them more agile and efficient by creating resilient processing by creating more Straight-through processing (STP)
- Customer focused self service systems to reduce back office pressure
- Offering Omni channel enabled with robust self-service options, direct purchasing and a single customer experience across online, mobile and now social channels
- The ability to leverage data and analytics across the entire value chain, including product innovation, marketing and sales, claims, and operations
- First notice of loss (FNOL) automation and self-service options for claims
We are redefining healthcare process. We can now help you use integrated health data to create a holistic wellness solution promoting improved long-term lifestyle and behavioral changes for clients. Our consultants and software team have developed offerings that are at the vanguard of the healthcare IT market. Our clients are ensured that they get the best of the digital, analytics, care management and mobility services and solutions. We guarantee enabling organizations to renew their business processes and realize enlivening capabilities while gaining software competencies.