Skip to content
New eBook

Enabling Customer-Centric Strategies in Insurance with Document Automation

From Old Models of Loss Reimbursement to New Risk Management Solutions

Don't just adapt. Lead the change.

Download the paper for strategic insights that can redefine your approach in 2024 and beyond.

ebook - insurance - Enabling Customer-Centric Strategies in Insurance with Document Automation

The insurance industry is going through a massive transformation, moving from the old-school approach of just covering losses to a forward-thinking, customer-first mindset.

This change is fueled by three big shifts:

  1. Insurers are embracing active risk management and ESG initiatives;
  2. Moving towards personalized, omnichannel experiences;
  3. Tackling the influx of unstructured data with advanced analytics to offer tailored risk solutions.

80%

of respondents want insurers to embed environmental, social, and corporate governance (ESG) initiatives into their proposition

59%

of respondents want life insurers to reward them for healthy living



70%

of customers are willing to share personal, health, financial, or home security data with their insurance provider

This transformation goes beyond service enhancement, fundamentally altering internal data management and positioning insurers as proactive, tech-enabled allies in their customers' lives.

 

* https://www.bain.com/insights/customer-behavior-and-loyalty-in-insurance-global-edition-2023/

Being customer-centric is about putting the customer at the heart of every decision, every innovation. It's about leveraging the insights gained from advanced data management and automated processes to offer personalized, timely, and relevant solutions.

There are 4 key transformations that need to happen.