Insurtech

Insurance isn’t typically the first industry that comes to mind when most people think about cutting-edge innovation. But in recent years, that mindset is changing. Despite insurance industry being a late adopter of technology, many large incumbents are now undertaking major digital transformation projects, and the industry in general is rapidly becoming more nimble and innovative. If you’re responsible for managing and growing your commercial property and casualty insurance business, you know and feel the increasing pressure from new competitors and insurtech disrupters, as well as pressure from your customers, who are demanding faster, simpler digital interactions, just like they get in the consumer market.

There are about 2600 insurance companies and about 37,000 independent agents. As population grows, the number of independent agents and insurance companies is going up and the number of claims and settlement is going up as well.

To fulfil the claims and to provide transparency is of utmost important for agents and insurance companies. Our Insurance Citizen Interacshn (ICI) product can help. It enables a customer to file a claim online, enabling insurance agents and claim adjustors to download documentation app on their mobile device and store documents and fill the claim forms online and offline. The documents are time and date stamped and provide real time status updates to the customers.