Trust is the lifeblood of the Technology Services Insurance market. When consumers pay a premium, they anticipate an easy, stress-free, and speedy settlement when they file a claim. Unfortunately, due to the time-consuming review processes used by traditional insurance companies, this can take up to 30 days.
Insurance businesses that implemented new technology in the insurance industry and automated their operations earlier, on the other hand, were able to drastically reduce turnaround times and improve the quality of customer engagement. It’s no surprise that digitized insurers are experiencing a surge in revenue, with some seeing over a 100% increase in revenue compared to traditional insurers.
Customer strategy will be eternally changed by digital infrastructure for the better
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