Why Is Insurance Technology So Important?

Transforming Customer Connections

If you work in the insurance industry, you’ve probably heard what some people think about you, with words such as “old,” “antiquated,” and “heartless” being some of the nicer things said. If you don’t make your customers happy, they will find an insurance company that does.

Why Is Insurance Technology So Important?

Transforming Customer Connections

If you work in the insurance industry, you’ve probably heard what some people think about you, with words such as “old,” “antiquated,” and “heartless” being some of the nicer things said. If you don’t make your customers happy, they will find an insurance company that does.

Transforming the Insurance Industry with Digital

Jacada

Although slow to adopt digital, the insurance industry should look at the many benefits this offers, rather than focusing on the challenges it creates.

How chatbots can enhance the insurance experience

Jacada

Chatbots offer a number of very specific benefits to the insurance industry. It’s time this sector began its digital transformation, in order to access them. Read More. Jacada Blog

Using Lead Generation To Acquire More Opportunities For Insurance Companies

Magellan Solutions

It is very seldom that people apply voluntarily for an insurance. Most of the time, insurance companies need to go where they are. For example, when Best Life Rates surveyed a number of Americans, the majority of the respondents did not consider insurance as a necessity.

Why is shorter life cycle of insurance claims critical to the industry?

TechSee

Insurance companies face the dual challenge of competing in an extremely crowded marketplace, while being required to constantly up their game in order to meet ever-rising customer expectations for a shortened life cycle insurance claim. . Claims represent the largest single cost to insurers, and are considered a critical operational factor for P&L. This has given rise to a new era of Insurtech companies, new players using technology to disrupt the insurance industry.

Insuring Swimming Pools against Theft

Wired and Dangerous

Are you insuring your customers’ swimming pools against theft? Customers are getting weary of service providers overselling them features they do not need and will never need.

Confirmit Voices™ for Insurance

Confirmit

It is becoming increasingly easy for customers to compare insurance companies. Insurance Voice of the Customer Factsheets

Best Ways to Attract Insurance Companies Into Claims Processing Support

Magellan Solutions

Insurance operations can be a little bit difficult and tiring. There are insurance companies that are looking for outsourcing companies that will provide them the best service and will give them what they need. The cycle of the money is very important for an insurance company.

How to save money on your car insurance

Helen Dewdney

Most people are aware that they should not just let their car insurance renew. Look at deals that may work out cheaper if you switch your contents and building insurance same provider and visa versa. Do Morethan just comparison websites for insurance quotes!

Who Wants To Talk To Dad About Life Insurance?

MaritzCX

The life insurance business is facing an unprecedented falloff in insurance purchase rates by Generations X and Y, those born after 1965. Interestingly, these age groups know they are underinsured, especially if they have families, but they have not corrected the situation.

Who Wants To Talk To Dad About Life Insurance?

MaritzCX

The life insurance business is facing an unprecedented falloff in insurance purchase rates by Generations X and Y, those born after 1965. Interestingly, these age groups know they are underinsured, especially if they have families, but they have not corrected the situation.

Meeting Today's CX Needs in the Insurance Industry

Cyara

Insurance is often referred to as a distress purchase, requiring the consumer to invest considerable time and effort in finding the right policy at the best price. These sites have increased competition and disrupted the personal insurance industry, especially in the UK. And they encourage customers towards online and digital services, rather than the traditional voice or in-person channels, for their insurance needs.

The Case For Coverage Clarity: Why Health Insurance Providers Need To Make Things Clear

Forrester

Have you ever thought about going to the doctor and questioned, even momentarily, "Hmm, I wonder if my insurance will cover this?" Health Insurance. CX Index Customer Experience Customer Experience Health Insurance brand advocacy emotion

Health Insurance Companies put the Customer First

Clarabridge

From a customer standpoint, the health insurance industry can be quite burdensome. Not only can healthcare be expensive for the customer, but many customers don’t have a pleasant experience with their health insurance provider.

Google: The Newest Entrant Into US Health Insurance Markets

MaritzCX

While I have no prior knowledge of Google’s intention to market health insurance, just imagine for even just a second if they did. Okay, not really. Sorry for what could appear as just social media ‘link bait’ but if you’ll allow, there is a method to my madness.

Google: The Newest Entrant Into US Health Insurance Markets

MaritzCX

While I have no prior knowledge of Google’s intention to market health insurance, just imagine for even just a second if they did. Okay, not really. Sorry for what could appear as just social media ‘link bait’ but if you’ll allow, there is a method to my madness.

Chatbots: Saviours of the insurance industry

Jacada

While the insurance industry has been slow to transition to a digital world, chatbots offer a quick and easy way to begin delivering the services 21st century customers demand.

Ohio Mutual Insurance Group Automates VoC Program to Differentiate Their Business

MaritzCX

Fierce Competition in the Property and Casualty Insurance Market Founded in 1901 and based in Bucyrus, OH, Ohio Mutual Insurance Group writes more than $220 million in premiums each year – covering homes, autos, farms and commercial properties in seven states through 400 independent partner agents.

Groups 156

Driving digital transformation within insurance

Eptica

Date: Wednesday, July 5, 2017 Driving digital transformation within insurance. Author: Pauline Ashenden As in many industries, the insurance sector is experiencing radical changes due to digital transformation. Providing each insurance quote can therefore take up to 25 minutes.

Who Wants To Talk To Dad About Life Insurance?

MaritzCX

The life insurance business is facing an unprecedented falloff in insurance purchase rates by Generations X and Y, those born after 1965. Interestingly, these age groups know they are underinsured, especially if they have families, but they have not corrected the situation. At the same time, recruiting agents in these generations is also becoming increasingly. View Article

How Do Insurance Companies Treat Loyal Customers?

Maz Iqbal

made the following statement: I had a situation recently that caused me to call on a provider to whom I’ve paid thousands and thousands of dollars by way of monthly premiums for the last … Continue reading "How Do Insurance Companies Treat Loyal Customers?". Case Studies Customer Loyalty Hall of Shame Uncategorized Halifax InsuranceWho Benefits From Customer Loyalty? Back in December 2015 Annette Franz in her post titled So, What Exactly is Customer Loyalty?

J.D. Power Finds Home Insurers Focusing on Customer Experience

Topdown

Home Insurance Study SM was released on September 19, 2016. According to Valerie Monet, director of the insurance practice at J.D. Improvements in processes and customer service benefit everyone—the customer and the insurer. The J.D. Power 2016 U.S.

Google: The Newest Entrant Into US Health Insurance Markets

MaritzCX

While I have no prior knowledge of Google’s intention to market health insurance, just imagine for even just a second if they did. Okay, not really. Sorry for what could appear as just social media ‘link bait’ but if you’ll allow, there is a method to my madness. Let’s explore this a little bit here. View Article

The Insurance Industry Is A Prime Target For AI Technologies And Solutions

Forrester's Customer Insights

In their quest to become digital insurers, insurance carriers have a revolutionary opportunity to improve their businesses with new and emerging artificial intelligence (AI) technologies. It is certainly a balancing act to find that perfect peanut butter-and-jelly combination of operational efficiency and customer engagement, however I believe many insurance carriers to be up to the […]. artificial intelligence (AI) customer experience Insurance risk management

Do Morethan just comparison websites for insurance quotes!

Helen Dewdney

How do you take out your contents and building insurance? I hope you don’t just renew every year and that you look at comparison sites for switching insurance, energy etc.

Are insurers embracing social customer service?

Eptica

Date: Monday, November 14, 2016 Are insurers embracing social customer service? Insurers and social media Given its importance, how are companies faring? As part of the recent Eptica Insurance Multichannel Customer Experience Study , 100 leading U.S.

Using Lead Generation To Acquire More Opportunities For Insurance Companies

Magellan Solutions

It is very seldom that people apply voluntarily for an insurance. Most of the time, insurance companies need to go where they are. For example, when Best Life Rates surveyed a number of Americans, the majority of the respondents did not consider insurance as a necessity. With that in mind, insurance companies can make their presence known to these people. Furthermore, Statista reported that there are more than 598 life insurance companies in the United States.

Industry Spotlight: Healthcare Insurance Member Experience

Clarabridge

With all the uncertainty swirling around health insurance coverage in the United States, we thought it was time to look at what consumers think about the service they get from their healthcare insurance providers.

Industry Spotlight: Healthcare Insurance Member Experience

Clarabridge

With all the uncertainty swirling around health insurance coverage in the United States, we thought it was time to look at what consumers think about the service they get from their healthcare insurance providers.

Report: Customer Communications Management in the Insurance Industry

Topdown

International Data Corporation ( IDC ) recently released the findings from a multi-client survey conducted in spring 2016 called Document Strategies for Customer Communication Management: Insurance.

Health Insurance Top 10 List: Must Haves for Member Loyalty & Profits (Part 1)

MaritzCX

My team and I have been lucky enough to have worked on customer experience optimization projects with more than a dozen major health insurance carriers over the past couple years. Many of these client relationships were a direct byproduct of the Affordable Care Act (Obamacare) and its impact on the industry. There’s no secret that. View Article. Healthcare

Health Insurance Top 10 List: Must Haves for Member Loyalty & Profits (Part 1)

MaritzCX

My team and I have been lucky enough to have worked on customer experience optimization projects with more than a dozen major health insurance carriers over the past couple years. Many of these client relationships were a direct byproduct of the Affordable Care Act (Obamacare) and its impact on the industry. There’s no secret that. View Article

Health Insurance Top 10 List: Must Haves for Member Loyalty & Profits (Part 1)

MaritzCX

My team and I have been lucky enough to have worked on customer experience optimization projects with more than a dozen major health insurance carriers over the past couple years. Many of these client relationships were a direct byproduct of the Affordable Care Act (Obamacare) and its impact on the industry. There’s no secret that. View Article

Insurance: Turning Challenges into Opportunities with VoC Infographic

Confirmit

Regulatory challenges have resulted in a world where very little differentiates one insurance carrier from another. This has left many insurers desperately seeking ways to improve customer retention and profitability. Insurance Voice of the Customer Analyst Insight

Insurance: Turning Challenges into Opportunities with VoC Infographic

Confirmit

Regulatory challenges have resulted in a world where very little differentiates one insurance carrier from another. This has left many insurers desperately seeking ways to improve customer retention and profitability. Insurance Voice of the Customer Analyst Insight

Using Research to Breathe New Life into the Life Insurance Industry

MaritzCX

The average age of a life insurance agent today is 57. While it’s reassuring to know that it’s an industry with many experienced salespeople, there’s a downside to that number too. Not enough new advisors are entering, and staying, to replace those who are retiring or leaving.

Using Research to Breathe New Life into the Life Insurance Industry

MaritzCX

The average age of a life insurance agent today is 57. While it’s reassuring to know that it’s an industry with many experienced salespeople, there’s a downside to that number too. Not enough new advisors are entering, and staying, to replace those who are retiring or leaving.

Temkin Experience Ratings Industry Snapshot: Insurance

Experience Matters

Congratulations to USAA for earning the top customer experience score in the insurance industry. Of the 15 insurance carriers included in this year’s Ratings, USAA earned the highest score with a rating of 75%, putting it in 65th place overall out of 318 companies across 20 industries. The post Temkin Experience Ratings Industry Snapshot: Insurance appeared first on Customer Experience Matters®.

Confirmit: Breaking Down Feedback Silos in Insurance Fact Sheet

Confirmit

Over the past few years, focus on collecting feedback to improve the customer experience has emerged as a top priority for many insurance companies that want to differentiate their organization. Insurance Voice of the Customer Factsheets