Importance of Insurance Technology in Redefining Customer Experience

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Importance of Insurance Technology in Redefining
Customer Experience
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Table of Contents
1
Introduction
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Benefits of Insurance Technology

• Lower Insurance Rates
• Fraud Prevention
• Lower Underwriting Cost

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Conclusion
3
Introduction
Insurance technology is paving the path for new
disruptions, opening new avenues for businesses
and driving innovative ways to connect customers
with the insurers. It is introducing new
capabilities and increasing efficiencies,
productivity and profits of the insurance
organizations.
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Benefits of Insurance Technology
Fraud Prevention
Lower Insurance Rates
Lower Underwriting Cost
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Lower Insurance Rates
Accurate risk assessment via AI-enabled devices
predict risk precisely and allow to lower
insurance rates.
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Fraud Prevention
Establishing a technology framework, help
insurers tap into advanced automation and
analytics and take measures to prevent it.
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Lower Underwriting Cost
Internet-connected devices and sensors have a
significant impact on the availability of
real-time information and help insurers in better
pricing/underwriting.
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