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In the short term (next 2 to 3 years), insurers will find greater business impact with mobile investments that are targeted at agents/brokers and service supply partners. Not only will they satisfy partner technology demands but mobile use will reduce the transaction cost by more than 30% and reduce the handling time by 50%.

Features & Benefits

Features
  • 360 degree view using Advanced and predictive analytics
  • Interactive design configurator
  • Pricing based on predictive analytics output
  • Regulatory compliance box
  • Dynamically simulated test environment
Benefits
  • Consistent process across product lines and geographies
  • Obtain real-time insights on product performance
  • Increased accuracy in risk selection and pricing of products
  • Proper product fit will result in increased sales volume, customer satisfaction and reduced legal hassles from non-compliance
  • Remodeling of products to determine price variation because of feature changes
  • Improve communication between stakeholders through social collaboration
  • Product prototypes can be developed and tested thoroughly in an artificially simulated real environment
  • Considerable decrease in product roll out and go to market cycle times

Resources