90% of insurers fear they will lose business to INSURETECH startups.*
(Source: Opportunities Await – How InsureTech is reshaping insurance, PWC Global June 2018)
What’s the focus of InsureTechs?
- Interchanging new technologies.
- Revolutionizing the customer experience.
- Creating new opportunities to simplify and broaden the distribution process.
So how can you navigate the InsureTech world?
Creating a technology-rich ecosystem is critical to completing in an InsureTech world.
Creating a technology-rich ecosystem means:
- Leveraging a system that is designed to handle complex insurance transactions.
- Stay current with product enhancements through upgrades, taking advantage of emerging technologies like machine learning, chatbots, AI etc.
- Leverage APIs to integrate with emerging InsureTech solutions, as the market dictates.
Evolve your customer experience:
- Implement a solution that is already customer focused.
- Go deeper with analytics.
- Develop an omni-channel mindset to be able to speak in one consistent voice.
Extent distribution and respond to evolving marketing opportunities:
- Create new opportunities for direct to consumer sales and service.
- Leverage portals to individualize the customer experience.
- Capitalize on competitive market advantages with new product entries, for speed-to-market.
With OneShield, you are well positioned to market changes and ever-evolving customer expectations.
OneShield allows you to think differently about technology:
- Create a technology rich ecosystem with ease. Deploy a solution that has limitless integrations with 3rd party technologies via APIs.
- Take advantage of adaptive and responsive customer experience capabilities. Adopt a customer centric solution that can evolve and change the ways you service and when you service, to deliver the ultimate customer experience.
- Extend your distribution capabilities for a competitive advantage. Expand in emerging markets with new products via any sales channel.
Ready to transform your business? Connect with us at info@OneShield.com.