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INSURANCE

Digitally assuring the insurance sector

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insurance

INSURANCE IS AN INDUSTRY THAT HAS ALWAYS BEEN SLOW IN ADOPTING DIGITAL METHODS—EVEN IN MATURE MARKETS LIKE THE US AND EUROPE. THE MAJOR CHALLENGES TO DIGITAL TRANSFORMATION FOR INSURANCE COMPANIES ARE:

  • Multiple Legacy SystemsMultiple Legacy Systems.
  • nvestment of ResourcesInvestment of Resources.
  • Lack of IT ExpertiseLack of IT Expertise.
  • Change ManagementChange Management.
  • Data ManagementData Management.

However, to match pace with digital generation, leading insurers are broadening and diversifying their products and services to align with the changing behaviour of clients. So, if you don’t go digital, you’ll soon be forgotten.

Insurance

How Does Digital Solutions Help?

Our solutions help insurers in the below-mentioned areas:

  • Improved sales effectiveness Improved sales effectiveness
  • Deeper insurance penetration Deeper insurance penetration
  • Reduced operating costs Reduced operating costs
  • Data-driven decision making Data-driven decision making

Our digital solutions enable insurers to cultivate agility in their processes & strategies, create seamless digital services for customers and new income streams across the business.

Achieve your Digital Goals with MakeMaya

Our easy-to-adapt digital solutions help you beat the competition and reach your audience effectively & efficiently. Some of the game-changing that we offer are:

  • Big data Big data/ML
  • SaaS SaaS/cloud
  • Usage-based insurance Usage-based insurance
  • IoT IoT
  • GamificationGamification
  • Peer-to-peer insurance Peer-to-peer insurance
  • Blockchain Blockchain
  • Micro-insurance Micro-insurance
  • Digital Digital/Robo Advisory

It is safe to say that these innovations—and those still to come—represent the enormous potential of growth for the insurance industry.

digital transformation for insurance companies

Other Use Cases

Automation

The bottlenecks & manual processes of the insurance industry, such as claims processing, policy administration, customer service, and underwriting, are expected to be automated.

Claims processing

Document automation tools help process large volumes of documents involved in every layer of claim processing, such as review, investigation, adjustment, remittance or denial of the claim.

Omnichannel

Self-service portal access to customers and insurers to find answers, make transactions, place orders, file a claim, pay bills, etc. How’s that sound for customer experience?

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Find out more about how we can help your organization navigate its next. Let us know your areas of interest so that we can serve you better.

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