Pursue new digital business models and improve and protect your customers’ health, property, and business with insurance solutions from SES.
The new network economy will coalesce around fewer ecosystems.
Insurance is a prime digital network example, as it touches life, health, property, and travel. By 2025, many insurers will be engaging with cross-industry ecosystem providers and defining opportunities, beyond managing risk.
In the insurance industry, non-traditional players now have access to large volumes of customer data and are able to provide holistic pre-purchase and purchase information, albeit in an unstructured form.
New business models to renew customer experience in the Insurance industry.
The Internet of Things (IoT) has changed the way industries function. In the insurance industry, non-traditional players now have access to large volumes of customer data and are able to provide holistic pre-purchase and purchase information, albeit in an unstructured form.
ShanSys is supporting its life insurance clients in their transformation journey to become a Leading Next gen Insurer, through:
Unique Business-Aligned IT (BAIT) model to provide best-fit life insurance solutions while considering the associated impacts
Collaborative approach that improves clients’ performance while significantly containing costs
Centers of Excellence (CoE) to support in building, creating differentiated assets for its partner’s product – accelerating time-to-market
This is a huge advantage for customers in the pre-purchase stage, and this new empowerment has made them more demanding, aware, and considered of their insurance requirements.
Our insurance offerings facilitate insurers rethink their strategies to cater to these new discerning customers by renewing their analytics infrastructure using solutions such as the ShanSys Information Platform (IIP) – our big-data-in-a-box package.
30% reduction in time to market for new products by companies that institute formal lifecycle processes.
With industry-relevant expertise and a historical track record, our solutions enable insurers to:
Adopt digital tools for a clearer understanding of customer specific requirements
Help enhance processes within the industry
Provide seamless customer experiences
With the shift of traditional insurers’ needs to digital insurers, there is greater scope for increased flexibility and agility, faster and more efficient back-office processing, and an overall readiness for disruptions.
Our solutions also translate into clear cost benefits. We do this through the:
Automation of processes to make them more efficient by creating more straight-through processing (STP)
Creation of customer self-service systems to reduce the burden on back-office operations.
Looking ahead, the IoT is shifting risk profiles through the use of new technologies like connected cars and connected homes. Here, insurers need to renew themselves to be future-ready. We have the capabilities, tools, and experience to help insurers better understand their customers’ risk profiles, and create tailored products to suit their needs.
Insights : Learn from our experts how the Insurance Industry is getting a facelift
