Most insurance agents spend about 30 minutes to calculate the premium, 2 hours to feed details of the policy to the computer and a month to convert a lead into sales, according to a study. Insurance companies also have to distribute additional budgets for training whenever a new policy is designed. Aren’t insurance agents wasting
Back in the days, products simply provided solutions to generic needs. Maybe that worked then. However, this approach is now about to become as antiquated as a dial-up phone. Consumers today have more nuanced needs which simple cookie cutter solutions are unable to fulfill. The paradigm has decidedly shifted to product customization and user experience.
SPCA Flag day fundraising event held in Singapore 2020 was last modified: January 7th, 2020 by Insurance Market
Health benefits of having a dog as a pet 2020 was last modified: January 7th, 2020 by Insurance Market
Doberman Pinschers, Rottweilers, and German Shepherds top lists of dogs some consider dangerous. Owning a pit bull should not be taken lightly. Some cities and towns have banned the breed. The Singapore Animal & Veterinary Service (AVS) https://www.nparks.gov.sg/avs makes it compulsory that owners of these dogs carry insurance for at least S$100,000 for coverage against “injury to persons and damage to property”.
Performance Bond no longer needed for Indonesian Maids as advised by Indonesian Embassy Singapore in 2019 was last modified: September 14th, 2019 by Insurance Market
Insurance Market at PawRentsWeekend adoption drive in 2019 was last modified: September 16th, 2019 by Insurance Market
Twenty years ago, it would have seemed highly unlikely that you could disintermediate a mighty retail store chain and expect a gross of white paper plates to arrive at your door the very next day, simply by speaking the words “Alexa, please send me 144 10 and 3/4 inch Chinet plates” into a wireless speaker
Best Friends Animal Adoption Day at Singapore Zoo in 2019 was last modified: September 16th, 2019 by Insurance Market
We are thinking that by 2025, 75% of the workforce will be composed of millennials. Millennials are digital natives. Essentially, that means they are the native speakers of the digital language, and they value innovative solutions driven by technology. With that in mind, across the globe, industries are scrambling to incorporate technology in their delivery
With digital businesses rewriting customer expectations, the insurance industry is ripe for disruption. Today, customers have come to expect products to be delivered in two days, a ride to be ordered with just a tap of their smartphone, and instant feedback and assistance thanks to companies like Amazon, Facebook, and Uber. In a world that
Almost every day, the insurance industry deals with thousands of customers, each having a multitude of queries about policies, claims processing, account updates, terms, conditions, and more. The customer support team can only cater to so many queries at a time. Resultantly, customers have to wait for extended time periods thereby leading to prospects and
Poor customer loyalty is one of the industry’s most destructive forces. We know the carriers that provide consistent top-quality service see revenue and renewal improvements, but here’s the catch — pretty much everyone hates dealing with customer service. In order to minimize the risk of declining retention, insurers are looking for new ways to improve consumer experiences
Why should I buy Car insurance in Singapore from Insurance Market in 2019? was last modified: May 7th, 2020 by Insurance Market
Artificial Intelligence within the Insurance industry has overhauled the claims management process by making it faster, better, and with fewer errors. Insurers now have the option of achieving far better claims management by utilizing the technology in the following ways: Facilitate a real-time Q&A service for a first notice when it comes to a loss.
Starting from the Internet of Things to blockchain to digitalized pricing and customer service, insurance carriers are often overwhelmed with trying to stay current, let alone trying to be forward-thinking. Against this backdrop, how can insurers maintain relevance in today’s evolving technology landscape? Companies that embrace new technologies across the entire value chain — rethinking everything from
Until now, insurance is still a very sensitive topic and many people avoid having a discussion about their insurance policies as it can get too personal. A common myth that Insurance (whether it is health insurance, two-wheeler insurance, four-wheeler insurance, etc.) is mostly associated with accidents or misfortunes. In fact, discussion about this topic with
Getting into a divorce can be a complex and lengthy process with a variety of emotional, practical, and financial implications for both spouses, and any children that may be impacted. During such a stressful time, it can be easy to overlook basic items like the family’s insurance coverage. Nevertheless, it’s important to review all insurance