Insurance Innovators’ Post

🤔 Struggling to keep up with the latest technological innovations in insurance? Check out our latest article 'Creating truly exceptional insurance experiences: leveraging innovation to deliver for customers' to gain insights from AXA, Aviva and Capco on practical advice on unlocking the potential of innovation and creating a next-generation customer offering.   👀 Read the free article now >> https://shorturl.at/yliAM #article #insurance #insurer #customer #cx #digitaltransformation

“Insurance companies must truly transform and reinvent themselves as technology-forward companies that can deliver personalized products and services to meet new customer and agent expectations and keep in step with market leaders.” by Denise Garth https://ow.ly/rGmx50TJ85c #Insurance #Innovation #InsurTech #FutureOfInsurance #Majesco #blog #technology #digitaltransformation

We have entered a new era of risk that demands a new era of new product development. We can better predict risk and underwriting experience with improved data selection and AI/ML. We can more easily create products that can help assess and mitigate risk through telematics, smart devices, AI and GenAI. We can personalize products in order to improve their value, help customers reduce their risk and price fairly for that risk. In fact, data is currently proving that insurance business models that include innovative, robust product development can lower an insurer's overall risk by improving their business outcomes and growth now and into the future. The real risk for insurers is playing it "safe and doing what they have always done."  Every aspect of the insurance business is being redefined within the context of the future … not the past. Insurance companies must truly transform and reinvent themselves as technology forward companies that can deliver personalized products and services to meet new customer and agent expectations and keep in step with market leaders. They must address the risk of staying the same and invest in themselves. Insurers have the capital that could be reallocated to investing in the future. It is doable.  Hope to see everyone at #itcvegas24 next week! Check out Majesco sessions on Wednesday on GenAI and Thursday on innovation and how we are helping our customers rethink their business operating model and technology foundation for the future! #futureofinsurance #genAI

Tick tock, tick tock - time's running out! Last week we got to spend some time with the ever insightful Peter Ohnemus of dacadoo fame. But you can hear from him yourself - check out this webinar with special guest Edward Moncreiffe, CEO of HSBC Life where you can: 💡 Explore how Digital Health Engagement Platforms are enhancing the Bancassurance industry 🕵♂️ Discover how these tools can help boost customer engagement & streamline operations 🚀 Give your business a competitive advantage in today's market. The topics up for discussion will include: ➡️ Unveiling HSBC's Well+ App Rollout: Insights and Lessons Learned ➡️ Building Strong Client Relationships: Strategies for Life & Health Insurance providers ➡️ Driving Engagement Forward: Perspectives from the C-Suite ➡️ Adapting to Mobile-First Trends: HSBC's Approach to Superior Customer Experience It's on tomorrow, so register today: https://lnkd.in/dtxGJ4hN.

🚀 Exciting News in Bancassurance and Insurtech! 🚀 Are you ready to revolutionize your Bancassurance strategy? Dive into the transformative synergy between Insurtech and Bancassurance reshaping the insurance landscape! 🔍 Inclusive Insurance Solutions: Say goodbye to one-size-fits-all approaches. Discover how Insurtech-led digital solutions are breaking barriers to cater to diverse customer needs. 🌟 Game-Changing Innovation: Explore how Insurtech is rewriting the rules, enabling banks to offer tailor-made insurance products with simplicity, affordability, and precision. 💻 Digital Distribution: Embrace the power of digital channels! Learn how technology is expanding insurance accessibility, reaching a wider audience like never before. 📊 Data-Driven Personalization: Uncover the secrets of data analytics in crafting personalized insurance offerings, boosting customer satisfaction and engagement. 💰 Profitable Propositions: It's not just about change; it's about building robust, profitable futures. Discover how Bancassurance evolution meets innovation, offering retention, diversification, and a competitive edge. 🔮 The Future Awaits: Join the revolution! Explore the future of insurance services, where Insurtech and Bancassurance redefine accessibility, affordability, and customer-centricity. Ready to transform your Bancassurance strategy? Reach out to us at demo@b4einsurtech.com to explore the possibilities today! #digitalinsurance #insurtech #insurance #reinsurance #digitaltransformation 🔗https://lnkd.in/dwUUR4-Z

The insurance stands to gain invaluable insights from the innovative practices of the healthcare 🏥and retail 🛍️ industries. These sectors have not only embraced digital technology but have also set new standards for customer engagement and service delivery. Check out our latest blog to learn how insurance can leverage cross-industry innovations to redefine the insurance landscape. #blog #insurance #crossindustry #insights #digitaltransformation

With customer demands for a digital experience higher than ever and competitors digitizing at a pace never seen before, it can be tempting to grab all the quick wins. But you do so at the expense of building your long-term, strategic, cohesive capabilities for a next-gen customer experience. So how do you balance it? Read my discussion of this issue we all face in this article I wrote for Sapiens' blog. https://lnkd.in/eV7kng3 #insurance #insurtech #insuretech #digitization #digitisation #digitaltransformation #technologyinvestment #customerexperience #digitalinsurance #futureofinsurane #futureofinsurance #insurance #insurtech

With customer demands for a digital experience higher than ever and competitors digitizing at a pace never seen before, it can be tempting to grab all the quick wins. But you do so at the expense of building your long-term, strategic, cohesive capabilities for a next-gen customer experience. So how do you balance it? Read my discussion of this issue we all face in this article I wrote for Sapiens' blog. https://lnkd.in/eV7kng3 #insurance #insurtech #insuretech #digitization #digitisation #digitaltransformation #technologyinvestment #customerexperience #digitalinsurance #futureofinsurane #futureofinsurance #insurance #insurtech

With customer demands for a digital experience higher than ever and competitors digitizing at a pace never seen before, it can be tempting to grab all the quick wins. But you do so at the expense of building your long-term, strategic, cohesive capabilities for a next-gen customer experience. So how do you balance it? Read my discussion of this issue we all face in this article I wrote for Sapiens' blog. https://lnkd.in/eV7kng3 #insurance #insurtech #insuretech #digitization #digitisation #digitaltransformation #technologyinvestment #customerexperience #digitalinsurance #futureofinsurane #futureofinsurance #insurance #insurtech

With customer demands for a digital experience higher than ever and competitors digitizing at a pace never seen before, it can be tempting to grab all the quick wins. But you do so at the expense of building your long-term, strategic, cohesive capabilities for a next-gen customer experience. So how do you balance it? Read my discussion of this issue we all face in this article I wrote for Sapiens' blog. https://lnkd.in/eV7kng3 #insurance #insurtech #insuretech #digitization #digitisation #digitaltransformation #technologyinvestment #customerexperience #digitalinsurance #futureofinsurane #futureofinsurance #insurance #insurtech