Photo: Tim Sandle |
Photo: DJC |
In contrast, the industry group finds that banks have made greater strides with offering digital platforms and better customer experiences. The reason why many major banks have upped their game is due to challenges from fintech disruptors. This level of disruption hasn’t been seen with insurance to the same degree; however, this looks like only being a matter of time.
Some insurance companies have successfully adopted digital technologies, and continue to improve upon the customer experience.
Audatex – fast claims service
The company Audatex has launched an end-to-end digital motor claims management solution, with the aim of reducing the insurance claim process. Using a platform called AudaENOL, this allows policyholders to initiate and control the claims process. Through the platform each step in the claims process is visible, such as the steps for the claimants, insurers, repairers, and accident management companies...
Homelyfe - targeting brokers with new platform
The insurtech startup Homelyfe has launched a new digital insurance platform called Aventus, as a business-to-business application. The platform can be used for the digitisation of books or question sets for insurance processing so that insurance quotes can be rapidly delivered to brokers.
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Source: Digital Journal